Work on the West Vela will begin in the third quarter of 2024 and is expected to last 150 days. (Source: Shutterstock)
Seadrill Ltd. was awarded approximately $97.5 million in rig contracts for its West Vela and West Capella drillships, the company announced Jan. 29.
Talos Production Inc. awarded the West Vela an approximately $73.5 million contract in the U.S. Gulf of Mexico. Work on the West Vela will begin in the third quarter of 2024 and is expected to last 150 days.
An unnamed operator of the West Capella exercised a one-well option with the existing third- party manager of the drillship, extending its operations by approximately two months. The contract, with an approximate value of $24 million, is a direct continuation of the rig’s current program.
Seadrill has also been advised by the current manager of their West Auriga rig that due to changes in their client’s drilling sequence, the rig will be released in February 2024. Seadrill states it can now resume management of the rig in the first quarter of 2024, accelerating preparation for its previously announced contract in Brazil beginning in the second half of 2024.
Recommended Reading
More Oil, Gas Exploration Needed Now—WoodMac
2024-11-25 - New discoveries can reduce costs and emissions intensity while delivering value for resource holders and explorers, Wood Mackenzie analysts said.
Equinor’s Norwegian Troll Gas Field Breaks Production Record
2025-01-06 - Equinor says its 2024 North Sea production hit a new high thanks to equipment upgrades and little downtime.
Chevron Delivers First Oil from Kazakhstan Project
2025-01-24 - Chevron Corp.’s newest plant at Kazakhstan’s Tengiz Field is expected to ramp up output to 1 MMboe/d.
E&P Highlights: Jan. 27, 2025
2025-01-27 - Here’s a roundup of the latest E&P headlines including new drilling in the eastern Mediterranean and new contracts in Australia.
Norway's Massive Johan Sverdrup Oilfield Shut by Power Outage
2024-11-18 - Norway's Equinor has halted output from its Johan Sverdrup oilfield, western Europe's largest, due to an onshore power outage, the company said on Nov. 18.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.