PV Drilling places new jackup order with Keppel FELS

PV Drilling has placed an order for a new jackup rig at Keppel FELS shipyard in Singapore. The order is for a Keppel FELS B class jackup capable of operating in 400ft of water and drilling down to 30,000ft with delivery by the end of Q1 2015 for a total price of US$210 million. The unit when delivered will be the fourth jackup rig operated by PV Drilling as the company looks to increase its exposure to its domestic drilling market in Vietnam. All three of PV Drilling’s existing jackup rigs have been constructed by Keppel and this order could be followed by another later in the year.

Spudding od Tom Hum XANH-1X Exploration Well

Salamander Energy plc, the Asia focussed independent oil and gas exploration and production company, announces the spud of the Tom Hum Xanh-1X (“31-THX-1X”) exploration well in Block 31, in the Vinh Chau Graben system, offshore southern Vietnam. Salamander holds an operated 35% interest in Block 31, which was the subject of a previously announced farm out arrangement between Salamander and Origin Energy in December 2009. The 31-THX-1X well will be drilled to a depth of approximately 2,500 metres and is targeting oil in the Eocene-Oligocene clastics as well as pre-Tertiary basement in a horst block structure in the centre of the basin. The mean gross pre-drill estimate of prospective recoverable resource is c. 80 MMbo. The well will be drilled by the PVD-1 jack-up rig in a water depth of 18 metres. It is expected to take approximately 32 days to complete on a dry hole basis.

Keppel FELS secures order for a US$191 million jackup from PV Drilling

Keppel FELS Limited (Keppel FELS), the wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), has secured a contract from PetroVietnam Drilling Investment Corp (PVD Invest) to build a US$191 million jackup drilling rig. The contract was secured following Keppel FELS’s successful delivery of PV Drilling I, a high quality jackup drilling rig, two months ahead of schedule in March 2007. Like PV Drilling I, the new rig will also be built to the KFELS B Class design. To be named PV Drilling II, it is slated for delivery in the fourth quarter of 2009.

Keppel earns S$640,000 bonus for delivering PV Drilling III jackup early

Keppel FELS Limited (Keppel FELS) has been awarded a bonus of S$640,000 (US$460,000) for delivering the KFELS B Class jackup rig, PV Drilling III, early to PetroVietnam Drilling & Well Services Corp (PV Drilling). Completed 1.5 months ahead of schedule, without incidents, PV Drilling III has departed Keppel FELS for Vietnam to begin a five-year contract with Vietsovpetro in the Bach Ho field, offshore Vietnam.

PV Drilling signs contract extension with Cuu Long JOC for 'PV Drilling I'

PV Drilling has signed an agreement to implement the extension of the existing contract for the ‘PV Drilling I’ jackup rig with Cuu Long JOC. The contract extension is covers a two year period and begins when the existing contract finishes in Q3 2014. Cuu Long JOC plans to use the unit for development drilling on the Brown Lion and White Lion fields in Vietnam. The two year contract marks a landmark for PV Drilling as it’s the first multiple year contract signed by the company for a jackup in Vietnam.

PV Drilling agrees extension for 'PV Drilling II'

PV Drilling has announced that it has successfully signed the extension agreement for the company’s ‘PV Drilling II’ jackup rig. The extension which was agreed upon in April 2014, has now been signed with Lam Son JOC for the unit, which is working on the Thang Long - Dong Do's stage 2 in Vietnam. The unit began its contract extension on the 10th July 2014 and will be working on the field for a period of 18 months.

'PV Drilling VI' jackup named in Singapore

Keppel FELS Limited (“Keppel”), on the 27th February 2015 held the naming ceremony for the newbuild PV Drilling VI jackup rig. The unit is expected to be delivered in early March 2015 and is based on Keppel’s standard B class jackup rig design. The unit can operate in water depths of 400ft and drill down to a maximum depth of 30,000ft. In January 2015, PV Drilling announced that the unit has been contracted for two years by PetroVietnam Exploration Production Company (PVEP) to carry out drilling operations in Vietnam.