Murphy Oil Extends Valaris Drillship Contract
Murphy Oil Corp. has extended its contract for Valaris plc’s DS-15 (Renaissance) drillship in the U.S. Gulf of Mexico (GOM).
According to Valaris’ latest fleet status report, Murphy has exercised a one-well priced option for the floater. The drilling contractor estimates the contract extension will run 45 days from late March to early May 2020.
Elsewhere in the U.S. GOM, Kosmos Energy Ltd. has extended by approximately 80 days its contract for the Valaris 8503 semi-submersible, Valaris stated. The contract extension period will begin in early April and last until late-June of this year. Valaris noted that Kosmos will need the rig to complete the well in-progress.
In addition, W&T Offshore has awarded Valaris a one-well contract for the Valaris JU-75 jackup in the U.S. GOM. The drilling contractor noted the estimated 30-day term should begin this month.
Valaris also noted that it has received the following awards in other regions:
- A five-well, 320-day contract from BP offshore Senegal and Mauritania for the Valaris DS-7 drillship, slated to commence in September 2020
- A one-well contract from BP offshore Egypt for the Valaris DS-12 drillship, with an estimated 120-day duration from February to June 2020
- A one-well offshore Brazil contract from Premier Oil for the Valaris DS-9 drillship, set to comment in July 2020 and span an estimated 60 days
- A one-well, 120-day contract for the Valaris MS-1 semisub offshore Australia from an undisclosed operator, expected to go into effect in July 2020.
Besides reporting contract awards and extensions, Valaris also noted the following changes to its fleet:
- Sale and retirement of the Valaris 6002, Valaris 5006, Valaris JU-98 and Valaris JU-68 from the company’s offshore drilling fleet
- Classification of the Valaris JU-70 as held for sale.
Valaris’ full fleet status report, which presents new contracts and extensions since Oct. 25, 2019, is available on the company’s website.
To contact the author, email mveazey@rigzone.com.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- UK Oil Regulator Publishes New Emissions Reduction Plan
- PetroChina Posts Higher Annual Profit on Higher Production
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- McDermott Settles Reficar Dispute
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call
- India Halts Russia Oil Supplies From Sanctioned Tanker Giant
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Centcom, Dryad Outline Recent Moves Around Red Sea Region
- PetroChina Set to Receive Venezuelan Oil
- Czech Conglomerate to Buy Major Stake in Gasnet for $917MM
- US DOE Offers $44MM in Funding to Boost Clean Power Distribution
- Oil Settles Lower as Stronger Dollar Offsets Tighter Market
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
- Equinor Makes Discovery in North Sea