Prosafe has signed a contract with Petrobras Netherlands B.V. for the provision of the Safe Eurus semisubmersible vessel with 500-pax accommodation capacity for safety and maintenance support offshore Brazil. The $164m ($150k/d) will begin in 1Q2017 with a firm period commitment of three years.
Five offshore drilling contractors are in the frame to provide a pair of high-specification jack-up rigs to ONGC on three-year charter terms, with the contracts together valued at more than $200m ($91k/d). Technical and price bids were submitted by India’s Jindal Drilling, Dynamic Drilling, Greatship and Aban Offshore, industry sources claimed. The UK’s Hallworthy Shipping also submitted a bid.
via Upstreamonline
Songa Offshore revealed 1Q2015 loss of $11.3m due to “significant delays and cost overruns” on the four Cat-D midwater semisubs being constructed for Statoil. The contractor has secured attractive dayrates of between $455,000 and $484,000, significantly higher than rates in the current depressed drilling market, on the lucrative eight-year charters for all four Cat-D rigs. Songa sold its older midwater semisubs Songa Venus and Songa Mercur to Opus Offshore in 2014.
via Upstreamonline
ONGC has launched long-awaited tenders for five deep-water drillships or semi-submersibles for its huge KG-DWN-98/2 project off the country’s east coast, with a combined contract value of more than $1.5 bn. The five rigs should be capable of operating in water depths of up to 2,500 ft and 5,000 ft, respectively. Day rate are expected to be 30% to 40% lower compared to previous ONGC contracts due to a slack rig market and competitions.
via Upstreamonline
Indonesia’s state-owned shipping company Pertamina Trans Kontinental (PTK) has taken delivery of two AHTS and five harbour tugboats costing a total $49m. The two AHTS will start long-term charter with Total at a dayrate of $9,000, while the five harbour tugs will start their long-term work with Pertamina at its near-shore terminal areas at a dayrate of $3,400.
via Upstreamonline
BP has called an early end to a contract with a Seadrill Partners-owned semi-submersible rig, the West Sirius, which was on charter to the supermajor from July 2014 to July 2019 at $535,000 a day.
via Upstreamonline
Yinson Holdings has secured a $780M term loan facility, to partially finance the conversion of the FPSO vessel for Eni’s Offshore Cape Three Points (OCTP) project in Ghana. Estimated value of the 15-year firm charter commencing 2018 is $2.54 Bn ($464k/d), with total value up to $3.26 Bn if extended annually for up to 5 years ($395k/d).
via Upstreamonline
Noble and Apache have pushed back the contract start-up date for Noble’s newbuild jack-up in Australia, to Sep 2015 instead of Apr. The contract’s 18-mth duration to March 2017 remains intact, at dayrate $203,000.
via Upstreamonline
Maersk Drilling is accepting significantly lower day rates for a newbuild ultra-deepwater drillship to fill up a short-term contract. The deal with Total to carry out 45 days firm plus optional 40 days will yield a day rate of only around $378,000, way below premium rates of $600,000+ commanded about one year ago for such high-spec units.
Transocean may not exercise options for three units at Sembcorp Marine given current industry sentiments. Transocean ordered in February 2014 for two deepwater units at a cost of $540m each. The contract included options for three sister vessels the first of which must be exercised by Feb 2015. Noble Corp recently said the re-contracted day rate of its semi-submersible Danny Adkins fell to $317,000 from $498,000.
via Tradewindsnews
Offshore Bulletin 