Contracts

Pacific Drilling borrowed USD 1 billion to build the Pacific Sharay and Pacific Meltem ultradeepwater drillships. The vessels are the sixth and seventh drillships in the company’s fleet.

Perisai awarded a USD-208-million contract to Sembcorp Marine subsidiary PPL Shipyard to build a second Pacific Class 400 jackup rig. The rig is due in 2015 and will be capable of operating in 400-ft waters and drilling high-pressure/high- temperature wells up to 30,000 ft.

Keppel Offshore and Marine received three contracts totaling USD 300 million that include construction of a KFELS B Class jackup rig for D.P. Jindal Group’s Star Drilling of Singapore. The other two contracts involve the upgrading of the ENSCO 5006 semisubmersible for Ensco’s operations at Australia’s INPEX Ichthys project, and the upgrading of Diamond Offshore’s Ocean Patriot semisubmersible for Shell’s work at the North Sea’s Fram field.

Seadrill exercised fixed-price options for the construction of two high‑specification jackup drilling rigs at Dalian Shipbuilding Industry Offshore, China, for USD 230 million. The new units will be based on the F&G JU200E design, with water depth capacity of 400 ft and drilling depth of 30,000 ft. Seadrill now has six jackups under construction at Dalian.

Petrovietnam and Eni have agreed to conduct a joint assessment of the unconventional resource potential in Vietnam. Eni began operating in Vietnam last year through a 50% operating interest in three exploration blocks in the Gulf of Tonkin’s Song Hong basin, which is estimated to contain 10% of the country’s oil and gas resources.

Gazprom and Levant LNG Marketing signed an agreement in which Gazprom will market LNG from Israel’s Tamar gas project for 20 years beginning in 2017.

GE Oil & Gas took a 16-year service contract extension valued at USD 333 million for the Sakhalin-2 integrated oil and gas project on Sakhalin Island. The current service agreement was scheduled to end in 2016.

Talisman Energy awarded a USD‑285-million contract to Subsea 7 for construction work at the Montrose Area Redevelopment Project in the North Sea. Engineering and project management begin immediately, and offshore activities are due to commence in 2014.


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