Rig: Edrill-1

Name Edrill-1
Owner Energy Drilling Pte Ltd
Manager Energy Drilling Pte Ltd
Rig Type Tender Rig
Sub Type Other
Jackup Type --
Max Water Depth (ft) 6561
Max Drill Depth (ft) 29500
Dimensions (ft) 328 x 98 x 37.8
Leg Length (ft) --
Competitive Yes

Current Location

Country Thailand
Region South East Asia

Drilling Equipment

Drawworks Type Lewco LDW 1000 K
Drawworks HP 3000
Mud Pumps Type Lewco W-1712 Triplex
Top Drive National Oilwell Varco TDS-8SA
Hookload Capacity (lbs) 1000000

Rig Construction Details

Rig Design Self-Erecting TAD Barge
Rig Model --
Year Built 2014
Country of Build China (PRC)
Yard Name COSCO (Guangdong) Shipyard
Group Yard Name COSCO Shipyard Group Co., Ltd. (COSCO)

Rig Contract Details

Operating Status Ready Stacked
Operator --

News

7 Nov 2014

Energy Drilling commences drilling for PTTEP

Energy Drilling’s first tender assist barge rig, EDrill-1, commenced its maiden charter with PTTEP Thailand on September 24, 2014. After deploying and pre-tensioning all anchors, the Drilling Equipment Set (DES) was lifted and assembled onto Bongkot WP-4 platform in 8 hours. The three (3) major heavy lifts consist of (1) Masterskids including shaker tank, (2) Drillfloor including drawworks and outboard cantilevers and (3) the 152 ft. Telescoping Mast. After the DES and third party equipment lifting was completed, the tender barge was relocated to the “Drilling Position” to raise and scope the Mast in preparation for drilling operations. . Within the first few days of operations, PTTEP arranged for a religious blessing ceremony to be held onboard the rig. Five Buddhist monks and one Imam were transported to the rig by a specially arranged helicopter. Operations were suspended and all non essential personnel were invited to attend the blessing ceremony held in the recreation room. After the ceremony, the monks and Imam walked the length of the deck and completed the ceremony. Lunch was served and the crews went back to work. EDrill-1 program on the WP-4 platform involves plugging and abandonment of four wells and re-entry drilling of six wells. Three wells had successfully been plugged and abandoned at end October.

1 Aug 2014

Energy Drilling secures first contract for 'Edrill-1'

PTT Exploration & Production Public Co. Ltd (PTTEP) has executed an agreement fixing high specification tender rig ‘EDrill-1’ for a firm term of three years. The transaction was made effective on 1st August 2014 with the Bongkot Program commencement date set for October 2014. ‘EDrill-1’ was handed over to the Operations Preparation group in April 2014 and has been undergoing trial rig up and rig down exercises at COSCO Guangdong shipyard. The rig’s light-weight Drilling Equipment Set (DES) erects in three major heavy lifts and is ideally suited to the fast paced Gulf of Thailand infield drilling programs. Marcus Chew – CEO of Energy Drilling commented that “This contract marks the important first step for Energy Drilling towards establishing itself as a reputable provider of tender rig solutions. We are most honoured that it is awarded by PTTEP, a well-respected pioneer in the use of tender rigs in the Gulf of Thailand. We are confident that our experienced crew and superior design will result in consistent and optimal drilling performance for our client.”

29 Apr 2014

COSCO delivers first tender rig to Energy Drilling

The Board of Directors of COSCO Corporation (Singapore) Limited (the “Company”) wishes to announce that COSCO (Guangdong) Shipyard Co., Ltd (“COSCO Guangdong”), a subsidiary of the Company’s 51% owned COSCO Shipyard Group Co., Ltd, has delivered a Self-erecting Drilling Tender Barge, to Energy Drilling. The delivery documents were signed by and between COSCO Guangdong and the buyer recently. The tender barge has a working depth of 2,000 meters, a drilling depth of 20,000 feet and is equipped with heavy lift cranes with a safe working load of 400 metric tonnes.

9 Apr 2014

Energy Drilling secures financing for delivery of 'Edrill-1' and 'Edrill-2'

Energy Drilling has signed a US$175.5 million Senior Secured Term Loan Facility with a group of four lenders on Monday 7th April 2014. The four lenders are DNB Asia Ltd, ABN Amro Bank N.V, NIBC Bank N.V. and Clifford Capital Pte Ltd. The Facility shall be used as final payment upon delivery by Cosco Guangdong Shipyard for the first two tender rigs ordered in 2012. Delivery of the first unit is imminent and the second unit is expected in July. With the signing of this Facility, Energy Drilling is now fully funded to take delivery of the first two units and undertake drilling operations for the intended markets. Both units are being evaluated by various oil companies for drilling operations starting in the 3Q 2014. Speaking on behalf of one of the lenders, Mr. Magnus Piene, SVP & Global Head of Offshore for DNB Bank ASA, said, “ We are very pleased to be given this opportunity to raise funding for this exciting new company. Although Energy Drilling may be new, we have known and worked with its management team for many years in the past. We have full confidence in their ability to deliver and we look forward to building a long lasting relationship with them as they grow.” Mr. Marcus Chew, CEO of Energy Drilling, added, “We are thankful to the lenders for the trust shown in us. We have raised sufficient capital with strong shareholders and now with the funding secured we are ready to deliver the products to our customers. We look forward to an exciting journey ahead.”

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