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USA Set for Gas Boom and More

Here are some of Rigzone s top upstream stories during the last week, just in case you missed them. Here are some of Rigzone’s top upstream stories during the last week, just in case you missed them… USA Set for Gas Boom According to a new Rystad Energy analysis, natural gas production in the United States is set to grow to a new record of 93.3 billion cubic feet per day (Bcfd) in 2022 and will continue to rise thereafter, exceeding 100 Bcfd in 2024. Read full article CEO Retires as Drilling Contractor Exits Chapter 11  Diamond Offshore Drilling reported that it, along with its debtor affiliates, emerged from Chapter 11 bankruptcy on April 23 and that Marc Edwards had retired as the drilling contractor’s chairman, president, and chief executive officer.

SDRL – New Four-Year Contract For Seadrill s West Saturn Drillship With Equinor Brasil

SDRL – New Four-Year Contract For Seadrill s West Saturn Drillship With Equinor Brasil Seadrill Limited ( Seadrill or the Company ) has secured a four year firm contract with four one year options, for the West Saturn drillship with Equinor Brasil Energia Ltda for work on the Bacalhau field in Brazil. Total value for the firm portion of the contract is expected to be approximately $380 million (inclusive of mobilization, upgrades, and integrated services revenue) with a performance bonus providing meaningful incremental opportunity. The total contract value is contingent on the final investment decision by the partnership for Bacalhau. Commencement is expected in 1Q 2022.

Seadrill secures $380m drillship contract in Bacalhau from Equinor Brasil

28 Apr 2021 (Last Updated April 28th, 2021 16:03) Seadrill has received a new four-year contract for the West Saturn drillship from Equinor Brasil Energia for work on the Bacalhau field, offshore Brazil. Share Article The West Saturn drillship will drill six wells at the Bacalhau field. Credit: Seadrill. Seadrill has received a new four-year contract for the West Saturn drillship from Equinor Brasil Energia for work on the Bacalhau field, offshore Brazil. Seadrill’s portion of the contract is expected to be valued at $380m, which would include mobilisation, upgrades and integrated services revenue. The total contract value is subject to the final investment decision by the partnership for the Bacalhau field.

SDRL – New Four-Year Contract for Seadrill s West Saturn Drillship with Equinor Brasil

SDRL – New Four-Year Contract for Seadrill s West Saturn Drillship with Equinor Brasil
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SDRL - New Four-Year Contract for Seadrill s West Saturn Drillship with Equinor Brasil

Share this article Share this article HAMILTON, Bermuda, April 27, 2021 /PRNewswire/  Seadrill Limited ( Seadrill or the Company ) (OSE:SDRL) (OTCQX:SDRLF) has secured a four year firm contract with four one year options, for the West Saturn drillship with Equinor Brasil Energia Ltda for work on the Bacalhau field in Brazil. Total value for the firm portion of the contract is expected to be approximately $380 million (inclusive of mobilization, upgrades, and integrated services revenue) with a performance bonus providing meaningful incremental opportunity. The total contract value is contingent on the final investment decision by the partnership for Bacalhau. Commencement is expected in 1Q 2022.

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