Rig: Atwood Falcon

Atwood Falcon to be Sold for Scrap

According to Atwood Oceanic’s (“Atwood”) 10Q filing as per 31/3/2016, the Atwood Falcon completed its contract commitment with BHP Billiton in early March 2016. Based on a lack of contracting opportunities Atwood determined that future work for the unit was unlikely. Following mobilization to international waters on March 24th 2016, Atwood executed a sale and recycling agreement with a third a party, which will now demolish and recycle the drilling rig.

Murphy fails to find hydrocarbons with Munia prospect

Murphy Oil Corporation (“Murphy”) has announced within the release of its first quarter 2015 earnings that its third and final exploration well in the Perth Basin called the Munia prospect is a dry hole and has been plugged and abandoned. All three exploration wells (Koel, Cisticola and Munia) were classified as dry holes and Murphy recorded a dry hole expense of USD31.8 million in Q1 2015 for this drilling programme. The Atwood Falcon was used for the drilling programme and the unit has now gone to work for BHP Billiton.

Murphy fails to strike at Koel and Cisticola wells in Australia

Murphy Oil Corporation (“Murphy”) today announced results from some of its recent exploration campaigns. In its three well Perth Basin drilling program offshore Western Australia, Murphy has come up dry at its first two wells and is in the process of drilling the third. The two wells, Koel and Cisticola, both located in block WA-481-P have been plugged and abandoned, whilst drilling continues at Munia prospect with the well expecting to be finished in April. Exploration drilling in Australia began on the 22nd January 2015 wih the spudding of the Koel-1 well by the Atwood Falcon semisub. Meanwhile in the US GoM, Murphy has announced that the Urca well in Mississippi Canyon Block 697 failed to encounter any hydrocarbons and has been plugged and abandoned.

BHP BIlliton contracts 'Atwood Falcon' in Australia

Atwood Oceanics Inc (Atwood) announced today that it has been awarded a new drilling services contrat for its semisub rig the ‘Atwood Falcon’. The contract has been awarded by BHP Billiton Petroleum Pty, for a firm period of 330 days with a dayrate of approximately US$430,000. The contract will begin in direct continuation of the units existing contract and comes with two 120 day options at the same dayrate. The ‘Atwood Falcon’ is currently operating for Apache in Australia until November 2014, when it is due to begin operations for Murphy.