Noble Sam Croft (Noble Drilling) (Drillship)

Noble Corporation plc Announces Agreement with Freeport-McMoRan

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10 May 2016

Noble Corporation plc (NYSE: NE) today announced an agreement with its client, Freeport-McMoRan Oil & Gas LLC (FMOG), and FMOG’s parent company, Freeport-McMoRan Inc. (Freeport), in connection with the drilling contracts for the drillships Noble Sam Croft and Noble Tom Madden, which were scheduled to terminate in July and November 2017, respectively. Pursuant to the agreement, the contracts will be terminated, with operations ceasing as soon as practicable, and Freeport will make a payment to Noble of $540 million. In addition, Noble can receive additional contingent payments from Freeport of $25 million and $50 million, respectively, depending upon the average price of oil over a 12 month period. Noble also expects to realize over $100 million in direct cost savings as a result of the contract terminations through crew reductions and stacking procedures. Freeport recently announced a restructuring of its oil and gas business, which is operated through FMOG. As disclosed in Freeport’s public filings, FMOG has substantial debt and has been negatively impacted by the crash in oil prices. “This agreement represents a favorable resolution for Noble shareholders.” said David W. Williams, Chairman, President and Chief Executive Officer, Noble Corporation plc. “By accelerating the contract value and removing counterparty risk and potential downtime exposure over the remaining term of the contracts, Noble will be able to secure the economic benefit of these contracts, particularly when factoring in the significant cost savings available. Given the financial headwinds facing our client, we are pleased to have resolved this matter in this manner, thus protecting our margins, monetizing the remaining term under the contracts and increasing our already robust financial flexibility.” Freeport can make the $540 million payment through a combination of cash, Freeport shares and up to $200 million in near-term Noble bonds. Through this arrangement, Noble expects to realize the full value of such payment.

Source: http://phx.corporate-ir.net/phoenix.zhtml?c=98046&p=irol-newsArticle&ID=2166918


More News for Operator: Noble Drilling

15 Jan 2013

'Noble Regina Allen' rig is restored to upright position

The jackup rig ‘Noble Regina Allen’ that tilted whilst under construction at SembCorp Marine’s Jurong Shipyard in Singapore on the 3rd December 2012, has been successfully restored and floated. The investigation into the cause of the tilting of the unit will continue to be undertaken by the shipyard, whilst a stop-work order (SWO) issued by Singapore’s Ministry of Manpower Safety and Health Inspectorate remains in place on the unit. The problems associated with its construction have pushed delivery of the unit back from Q1 2013 to Q3 2013, with further delays possible.

14 May 2013

Noble Drilling awarded first 'Cat-J' Jackup Rig Contract by Statoil

Noble Drilling announced that the company has been awarded a US$655m four year contract by Statoil to manage a newbuild ultra-high specification jackup rig to be used on the Mariner project in the UK North Sea. The jackup is the first of Statoil's 'Cat-J' specialised fit-for-purpose jackup rigs that have been ordered and will be modified for operations in the NWECS to deal with harsh conditions and provide more effieicnt drilling operations. Construction of the unit is expected to cost US$690 million with the shipyard to be announced soon.

10 Oct 2013

Petrobras extends contract for 'Noble Dave Beard'

Petrobras has exercised an existing option for Noble Drilling’s ‘Noble Dave Beard’ semisub rig, extending the existing contract by an additional 345 days. The rig which has been operating for Petrobras in Brazil since 2010, will now be working in Brazil until February 2016. The unit is expected to enter a shipyard in early 2014 to undergo a class survey which accounts for part of the reason Petrobras has decided to exercise the contract option on the rig.

18 Dec 2013

Shell extends contract for 'Noble Discoverer' drillship

Noble Corporation (Noble) has confirmed an extension of Shell’s existing contract for the ‘Noble Discoverer’ drillship. The new contract extends the existing contract for an additional thirty four months and means the unit will be contracted to Shell until the end of 2016, with an increase in dayrate to US$363,000 from the previous US$244,000 that Shell was paying. The ‘Noble Discoverer’ is currently docked in a South Korean shipyard where it is undergoing repair and modification work before it heads back to the Chuckhi Sea in USA (Alaska) for drilling operations in 2014. Noble also confirmed new jackup contracts for the ‘Noble Tommy Craighead’ in Equatorial Guinea and ‘Noble Byron Welliver’ in the Netherlands.

12 Feb 2014

Drilling commences in New Zealand canterbury basin using 'Noble Bob Douglas'

Origin Energy Limited (Origin) advises that PEP 38264 operator, Anadarko Petroleum Company, on behalf of the joint venture, commenced drilling the Caravel-1 exploration well at 16:44 hours local time on 10 February 2014. Caravel-1 is located in the Canterbury Basin offshore New Zealand. The drillship Noble Bob Douglas is expected to take about 40 days for this drilling operation, which will reach an expected total depth of 2,800m subsea in a water depth of 1,105m.

28 Feb 2014

'Noble Paul Wolff' tilts whilst drilling in Brazil

Noble Corporation confirmed today that the Noble Paul Wolff, a dynamically positioned semisubmersible rig operating off the coast of Brazil, experienced a ballast control incident on Friday, February 28 at approximately 01:00 a.m. (BRT) local time. The crew took prompt corrective action, including safely securing the well, and measures are currently underway to resolve the matter. As a precaution, 77 non-essential personnel were evacuated from the rig without injuries, and no pollution has been reported. Noble continues to work with its customer and appropriate authorities in connection with this matter.

1 Mar 2014

Noble announces update on 'Noble Paul Wolff' in Brazil

Noble Corporation issued an update on the status of Noble Paul Wolff, a dynamically positioned semisubmersible rig operating off the coast of Brazil. The rig is stable and is operating under its own power following a ballast control incident that occurred on Friday, February 28. Additional crew members are also now being selectively returned to the rig. The Company continues to work with its customer and authorities to fully resolve the matter and safely resume normal operations.

13 Mar 2014

Caravel-1 exploration well reaches total depth

Origin Energy Limited (Origin) announces that PEP 38264 operator, Anadarko Petroleum Company, has advised the joint venture that the Caravel-1 well in New Zealand’s Canterbury Basin has reached total depth. The exploration well was drilled to a depth of 2,692 metres below rotary table and is currently being plugged and abandoned after encountering gas shows. A detailed analysis of sub-surface information will take place in the coming months to guide any future activities in the area.

13 Mar 2014

'Noble Clyde Boudreaux' awarded new contract with Shell

Noble Drilling (Noble) has announced the award of a new contract for its ‘Noble Clyde Boudreaux’ semi-submersible drilling unit. The unit is currently operating in Australia whilst it is contracted to Shell and has been awarded a firm two well extension to its existing contract. This new two well contract extension means that the ‘Noble Clyde Boudreaux’ will continue to operate for Shell in Australia. The extension comes into effect in April 2015 and runs through to September 2015, whilst also increasing the unit’s dayrate from US$417k to US$515k.

13 Mar 2014

Noble releases update for the 'Noble Paul Wolff'

In the same announcement as the new contract for the ‘Noble Clyde Boudreaux’, Noble also gave an update on the status of the ‘Noble Paul Wolff’ semisub. After tilting whilst operating for Petrobras in February 2014, the unit remains on a zero dayrate as recovery and well abandonment procedures are carried out. Noble is discussing possible early termination of the contract with Petrobras. If Petrobras does decide to terminate the contract early, the unit will be moved to a shipyard in Asia where Noble will evaluate new market opportunities.

23 Apr 2014

'Noble Paul Romano' set to begin Malta well drilling in May 2014

Genel Energy’s (Genel) partner Mediterranean Oil And Gas Plc (MOG) have released an operational update regarding the drilling of the first wildcat well in Southern Malta. The Hagar Qim well in Block 7 of Area 4 is expected to be spudded during May by Noble Drilling’s ‘Noble Paul Romano’ semisub rig. The unit is currently undergoing its final inspection and test at Valletta Harbour in Malta and will soon mobilise to the drilling location.

9 Dec 2011

Noble Discoverer recalled to Alaska

The drillship Noble Discoverer will be recalled to Alaska early in the new year to fulfill contract obligations and is now unlikely to be able to complete drilling the Ruru exploration well for Shell Todd Oil Services (STOS). Should the Ruru well not be completed, it will be safely plugged and abandoned in line with strict Shell standards and New Zealand regulations. The ship owner Noble Drilling Corporation is finalizing plans to safely recover the Riser and the LMRP which became detached during bad weather earlier in the year. The early recall is as a result of the long lead-times associated with working in the Arctic and Shell’s commitment to adding and testing additional control systems onboard the Discoverer. The Discoverer has always been prioritized for Alaska and the additional time in a U.S. shipyard will allow time to make any Arctic-specific modifications to the drilling vessel in advance of 2012 drilling. Last year, STOS took advantage of the opportunity to book the vessel for the Ruru venture when activities in Alaska were put on hold. In February of 2011 the Discoverer began drilling the Ruru well which is 40 kilometres off the South Taranaki coast. The work was suspended in April when, as a precautionary measure and in accordance with best practice, the crew secured the well and safely disconnected the Lower Marine Riser Package (LMRP) to prepare for a severe storm. In the process some of the anchor lines failed. The vessel moved into deeper waters to ride out the storm and later docked at Port Taranaki to shelter for the winter period. Repair work was carried out locally, contributing millions of dollars to the Taranaki community. A Maritime NZ investigation concluded the Discoverer was operated appropriately in response to the incident and there were no ongoing safety issues with the vessel. In September the vessel headed to dry dock in Brisbane for its five-yearly class certification and arrived back at Port Taranaki at the end of last month.

27 Jun 2012

Shell Drill Rigs Depart for Alaska Waters

On Wednesday, June 27, the Noble Discoverer and the Kulluk conical drilling unit departed Seattle, Washington to make the journey to Dutch Harbor, Alaska. A portion of the associated drilling fleet departed at approximately the same time. “Shell is pleased to announce its two Alaska-bound drilling rigs, the Kulluk and the Noble Discoverer, along with associated support vessels, have departed Seattle, Washington and are now en route to Dutch Harbor, Alaska. "Upon arrival in Dutch Harbor, the fleet will await the opportunity to make entry into the Beaufort and Chukchi Seas. Once open water allows, the rigs will sail to their respective theaters and commence exploratory drilling,” said Pete Slaiby, VP Alaska. The journey north marks the beginning of another historic offshore exploration program in Alaska. We look forward to adding to our long, successful history in the Beaufort and Chukchi Seas; providing jobs and verifying what could prove to be an extremely valuable natural resource base for Alaska and the Nation.

19 Jul 2012

Divers Confirm Noble Discoverer Did Not Run Aground

Divers have confirmed the Noble Discoverer did not run aground after slipping anchor in Dutch Harbor, Alaska. Still, our goal remains flawless operations and this is an incident Shell and Noble Drilling take very seriously. Even a “near miss” is unacceptable. While an internal investigation will determine why the Discoverer slipped anchor, we are pleased with the speed and effectiveness of the mitigation measures we had in place.

9 Sep 2012

Shell begins drilling in the Chukchi Sea

Shell is pleased to announce today, September 9 2012, that crews aboard the Noble Discoverer began drilling at Shell’s “Burger” prospect in the Chukchi Sea. It’s the first time a drill bit has touched the sea floor in the U.S. Chukchi Sea in more than two decades. Today marks the culmination of Shell’s six-year effort to explore for potentially significant oil and gas reserves, which are believed to lie under Alaska’s Outer Continental Shelf. In the days to come, drilling will continue in the Chukchi Sea, and we will prepare for drilling to commence in the Beaufort Sea. We look forward to continued drilling progress throughout the next several weeks and to adding another chapter to Alaska’s esteemed oil and gas history. We’re proud to be offshore Alaska, and we’re extremely proud of the preparation we’ve put in place to do it right.

27 Aug 2012

Drillship Discoverer Departs Dutch Harbor

On August 25, 2012, the drillship Noble Discoverer departed Dutch Harbor for the waters of the Chukchi Sea. This activity marks another positive step forward in delivering on Shells 2012 Chukchi Exploration Plan. The Discoverer will steam north to Shell’s Burger prospect, where mooring anchors have already been placed.

15 Jul 2012

Drillship Drifts While Anchored Near Dutch Harbor

On July 14, 2012, while anchored off the coast of Dutch Harbor, Alaska, the Noble Discoverer drill ship drifted toward land. Shell quickly engaged one of its support vessels, the Lauren Foss, which safely towed the Discoverer back to its previous location. A ROV (Remote Operated Vehicle) inspection of the Discoverer found no indication that the ship was damaged or ran aground. As a precaution, a dive team will conduct another inspection. The Noble Discoverer is currently anchored off the coast of Dutch Harbor with the Lauren Foss on standby and towlines connected. The ship’s anchor, which is used to secure the drill ship just off the coast, is very different from the eight-anchor [PES] spread mooring system used during drilling operations. Our goal remains flawless operations. Shell and Noble Drilling take all incidents very seriously. Even a “near miss” is unacceptable. While an internal investigation will determine why the Discoverer slipped anchor, we are pleased with the speed and effectiveness of the mitigation measures we had in place. Any lessons from this incident will be applied to future operations, here and elsewhere.

27 Feb 2013

Shell announces pause in Alaska drilling program

Royal Dutch Shell plc (“Shell”) today announced it will pause its exploration drilling activity for 2013 in Alaska’s Beaufort and Chukchi Seas to prepare equipment and plans for a resumption of activity at a later stage. “We’ve made progress in Alaska, but this is a long-term program that we are pursuing in a safe and measured way,” said Shell Oil Company President, Marvin Odum. “Our decision to pause in 2013 will give us time to ensure the readiness of all our equipment and people following the drilling season in 2012.” Alaska holds important energy resources. At the same time, securing access to those resources requires special expertise, technology and an in depth understanding of the environmental and societal sensitivities unique to the region. Shell is one of the leaders in an industry move into offshore Arctic exploration. The company continues to use its extensive experience in Arctic and sub-Arctic environments to prepare for safe activities in Alaska. Alaska remains an area with high potential for Shell over the long term, and the company is committed to drill there again in the future. If exploration proves successful, resources there would take years to develop. Shell completed top-hole drilling on two wells in 2012 in the Beaufort and Chukchi Seas, marking the industry’s return to offshore drilling in the Alaskan Arctic after more than a decade. This drilling was completed safely, with no serious injuries or environmental impact. After the drilling season ended, however, one of Shell’s drilling rigs, the Kulluk, was damaged in a maritime incident related to strong weather conditions. The Kulluk and the second drilling rig, the Noble Discoverer, will be towed to locations in Asia for maintenance and repairs. “Shell remains committed to building an Arctic exploration program that provides confidence to stakeholders and regulators, and meets the high standards the company applies to its operations around the world,” said Odum. “We continue to believe that a measured and responsible pace, especially in the exploration phase, fits best in this remote area.”

10 Sep 2012

Drillship Discoverer Moves Off Burger Well

As a precautionary measure and in accordance with our approved Chukchi Sea Ice Management Plan, Shell has made the decision to temporarily move off the Burger-A well to avoid potentially encroaching sea ice. Once the ice moves on, the Noble Discoverer will re-connect to anchors and continue drilling. Shell uses a combination of satellite images, radar and on-site reconnaissance to monitor ice movement.

30 Aug 2012

Approval to Begin Initial Drilling Offshore

The Department of Interior has approved preparatory operations in non-oil-bearing zones in the Chukchi Sea. The Administration’s decision to approve initial drilling into non-oil-bearing zones in the Chukchi Sea reflects the national importance of exploring the energy resource offshore Alaska. Once the Noble Discoverer drill ship reaches its drill location, it will connect with anchors that have been pre-staged in the Chukchi Sea and work will commence. Shell has dedicated more than six years to gain the confidence and trust of regulators and to earn to the right to begin this historic operation. We appreciate the effort the Department of Interior has made to understand, scrutinize, and support this project of national significance. In the weeks ahead we look forward to operating safely and responsibly, putting Americans to work and finding out even more about the oil and gas reserves that are believed to lie under Alaska’s Chukchi Sea.

3 Jan 2011

Noble Corporation Updates Noble Jim Day Contract Status

Noble Corporation (NYSE: NE) today reported that Marathon Oil Company ("Marathon") has provided notice that it is terminating the drilling contract for the ultradeepwater semisubmersible drilling rig Noble Jim Day. Marathon's stated reason for the termination was that the rig had not been accepted by Marathon by December 31, 2010. Noble believes the rig is ready to commence operations and should have been accepted by Marathon. The contract was for four years and represented approximately $752 million in contract backlog to Noble. "We are disappointed by Marathon's actions," said David W. Williams, Chairman, President and Chief Executive Officer, Noble Corporation. "Fortunately, the Noble Jim Day is one of the most capable rigs in existence and there are already a number of potential customers interested in a unit of this caliber." Noble also reported that an independent third-party has affirmed the rig's readiness. The Company also confirmed that the unit's subsea system, including the BOP, has received its certificate of compliance.

23 Feb 2011

Noble Corporation Announces Letter of Intent on Noble Jim Day

Noble Corporation (NYSE: NE) today announced that the Company has secured a Letter of Intent ("LOI") with a subsidiary of Royal Dutch Shell plc for the 12,000 foot ultra-deepwater semisubmersible Noble Jim Day to operate in the U.S. Gulf of Mexico. Under the terms contemplated by the LOI, the effective date of the commitment would be February 15, 2011 and the contract would extend through January 31, 2012. The LOI contemplates that Noble would receive a standby rate if Shell is unable to secure drilling permits. Beginning the sooner of August 1, 2011 or Shell securing a drilling permit for use of the unit, the operating dayrate would be $485,000 per day. During the operating period, the unit would be eligible for a performance bonus of up to 15 percent of the dayrate. The LOI is subject to execution of the drilling contract, although the parties have agreed to a base form of contract and certain of the particular modifications for this work. "We are extremely pleased to see the Noble Jim Day be awarded this LOI so that it can go on the payroll and earn a dayrate effective from mid-February," said David W. Williams, Chairman, President and Chief Executive Officer, Noble Corporation. "This is an extremely high quality rig and there was significant customer interest, however, other opportunities that would have required a mobilization out of the U.S. Gulf would have precluded us from being able to begin recognizing revenue until much later in the year. Furthermore, the terms of the LOI ensure that under the contract we would earn a full operating dayrate beginning no later than August 1st with potential upside if Shell is able to secure a drilling permit sooner. And the short-term nature of the commitment positions us well if dayrates increase as expected in the latter half of the year."

8 Feb 2013

Fairmount Couple Towed Noble Max Smith to Brazil

Super tugs Fairmount Sherpa and Fairmount Expedition have towed the drilling rig Noble Max Smith from the Gulf to Brazil. Both tugs hooked-up in Pascagoula Mississippi, USA. For this job the Fairmount Sherpa and the Fairmount Expedition mobilized to the departure location from their previous projects. Fairmount Sherpa had just delivered the rig Atwood Condor in Trinidad after a speedy crossing of the turbulent waters around the Cape of Good Hope and the Atlantic. Fairmount Expedition was involved in the successful salvage of the ill-fated container vessel MSC Flaminia. Upon completion of this project she was prepared in Rotterdam for the towage of rig Noble Max Smith and mobilized just in time for the departure from Pascagoula. The Noble Max Smith is a semi-submersible drilling rig owned by Noble Corporation and contracted by Shell for a drilling campaign offshore Brazil over a three year period. Prior to this the rig was prepared at a shipyard in Pascagoula Mississippi, USA. Upon readiness of the rig, a departure meeting was held and the Fairmount Sherpa and Fairmount Expedition connected their towing wires to Noble Max Smith one by one. After this the convoy began its 5,500 miles journey to Niterói, Brazil. First the convoy set sail towards Bridgetown, Barbados, for a stop-over for replenishment of the tugs and the rig. The tugs received first their bunkers and fresh provisions and secondly the Noble Max Smith received fresh provisions and stores. For this both Fairmount Sherpa and Fairmount Expedition were used. As such they did multiple cargo runs to and from the Noble Max Smith. Not only during the first part of the voyage to Bridgetown, but also during a large part of the second leg of the journey counter currents were experienced. Nonetheless the Fairmount Class tugs showed their unbridled towing power and endurance. As such the Noble Max Smith was safely delivered in Niterói. Upon arrival offshore Niterói, Fairmount Expedition assisted in mooring of the rig into position. Directly after delivery tugs Fairmount Sherpa and Fairmount Expedition were prepared for their next assignments.

20 May 2014

'Noble Paul Romano' mobilises to drilling location in Malta

Genel Energy’s (Genel) partner Mediterranean Oil And Gas Plc (MOG) have released an operational update regarding the drilling of the first wildcat well in Southern Malta. MOG was informed by Phoenicia Energy Company Ltd (Phoenicia), a wholly owned subsidiary of Genel that the ‘Noble Paul Romano’ rig was accepted under contract on the 18th May 2014. The unit is now mobilising to the Hagar Qim 1 well location in Block 7 of Area 4 to the south of Malta. Announcement of the mobilisation of the rig means that the spudding of the Hagar Qim 1 well is now imminent.

23 Jan 2008

Another “Bully” at Keppel heralds growing drillship business for the yard

Keppel Shipyard Limited, a wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M) has been awarded a contract valued at about SGD 145 million for the integration and completion of a new build “Bully” drillship. Keppel secured the contract with a company jointly owned by Frontier Drilling and Shell. This is the second drillship of the “Bully” rig design awarded to Keppel by the same owners. The first “Bully” drillship was awarded in June 2007 with delivery by fourth quarter 2009. The new hull will be built in China and is due to arrive at Keppel Shipyard in the first quarter of 2009. The drillship is expected to be delivered by the second quarter of 2010.

27 May 2014

'Noble Paul Romano' spuds first Malta wildcat since 2002

Genel Energy’s (Genel) partner Mediterranean Oil And Gas Plc (MOG) have released an operational update regarding the drilling of the first wildcat well in Southern Malta. MOG was informed by Phoenicia Energy Company Ltd (Phoenicia), the operator of Malta Block 7 of Area 4, that the semi-submersible rig 'Noble Paul Romano' has been secured on location and that the Hagar Qim 1 well spudded at 08:00 hours on 24th May 2014. The well, located approximately 130km south of Malta in c.450m of water, is anticipated to take a minimum of 2 to 3 months to complete operations. The Hagar Qim well is the 11th well to be drilled offshore Malta. The last exploration well that was drilled was the Lampuko well in 2002.

17 Dec 2010

Oil find off Brazil

Statoil and Petrobras of Brazil have struck oil on the Indra prospect in the Espirito Santo basin off the coast of Brazil. Petrobras is operator for licence BM-ES-32, where the discovery was made and where Statoil holds a 40% stake. The exploration well was drilled at a depth of 2,130 metres and both oil and reservoir quality is good. The reservoir thickness is approximately 70 metres and is of good quality. The preliminary analysis of the oil shows a density in the range between 25 and 30 degrees API. “We are very pleased to have struck oil here and the result will have an important bearing on our decision regarding further exploration activity in this area,” says Tim Dodson vice president, international exploration. The Inndra find was made by the semi-submersible rig Paul Wolfe. The location is situated 140 kilometres from land and some 400 kilometres north of the Peregrino field. At the moment Statoil is also participating in exploratory drilling in the Campos basin on licence BM-C-33, where Repsol is the operator. Statoil is operator on the Peregrino field and will hold a 60% share once the 40% divestment to Sinochem has been approved by the Brazilian authorities. Peregrino is planned to come on stream in the latter half of the first quarter of 2011. By next year Statoil plans to operate three exploration wells in Brazil, two in the Peregrino area in order to prove additional resources on the field, as well as an exploration well in the Camamu basin.

2 Mar 2012

New rig concept to improve recovery

Statoil is preparing an invitation to tender for a new type of drilling rig for mature fields on the Norwegian continental shelf (NCS). The new rigs, known as category J, will be jack-ups designed by the industry on behalf of Statoil. Statoil will propose for licence groups to take on ownership of these rigs. In order to realise the full potential of the NCS, increasing drilling activity on mature fields is important. Lower rig rates, greater drilling efficiency and access to rigs are key factors to meet this challenge. The new rig concept is designed to meet these requirements. “The key to maintain today’s production level on the NCS towards 2020 is improved recovery from existing fields and fast and effective development of new fields. We need to drill more wells to deliver on our production ambitions,” says Øystein Arvid Håland, head of drilling and well in Statoil. The new category J rigs will be able to operate at water depths from 70 to 150 meters and drill wells down to 10,000 meters. It is a tailor-made jack-up rig for operations in harsh environment on both surface- and subsea wells in the shallow-water segments on the NCS. It will be a tool primarily for drilling and completion of production wells. “Statoil has the capacity and competence to drive technology and innovation to drill more efficiently and rejuvenate the rig fleet on the NCS. The new category J rigs will deliver wells 20% more efficient than conventional rigs. We aim to achieve reduced cost and time per well with safe and efficient operations,” says Håland. The rig design is currently being developed in collaboration with various industry players like hull designers, topside suppliers, construction yards and drilling contractors. “Statoil is continuously working to secure a rig fleet with the right capacities and capabilities to suit our needs. However, upgrade and adaptions on many of the existing rigs appear too costly for our requirements and challenges on the NCS. We are therefore taking steps to rejuvenate the rig fleet and ensure that the right rigs meet the right requirements,” says Jon Arnt Jacobsen, chief procurement officer in Statoil. “Now we follow up our industrial approach by proposing to take ownership of the rigs through licenses to improve economics further. As a long-term industrial player on the NCS, we look forward to working with suppliers who have competence in building and operating rigs to develop new and cost-effective solutions,” says Jacobsen. Statoil plans for invitation to tender for minimum two cat J rigs to be issued in July and for the contracts to be awarded in the 2nd half of 2012. The rigs are to be delivered in the 2nd half of 2015.

9 Jul 2014

Hagaq Qim prospect comes up dry in Malta

Genel Energy’s (Genel) partner Mediterranean Oil And Gas Plc (MOG) has informed that the ‘Noble Paul Romano’ rig, that was used to drill the exploration well targeting the Hagar Qim prospect in offshore Malta Area 4, Block 7, completed operations on the 7th July 2014 and has now moved off location. As announced by MOG on 3rd July 2014, MOG has received formal notification from Phoenicia Energy Company Ltd (a wholly owned subsidiary of Genel Energy plc), the operator of Offshore Malta Area 4, Block 7 that the Hagar Qim-1 well has been drilled to the Eocene and plugged and abandoned with no indications of hydrocarbons. The ‘Noble Paul Romano’ will now be mobilised to Morocco, where it will drill an exploration well for Genel.

15 Jul 2014

Shell announces major new discovery in the Gulf of Mexico

Shell today announces its third major discovery in the Norphlet play in the deep waters of the Gulf of Mexico with the successful Rydberg exploration well. After more than 10 years of exploration activities in the Eastern Gulf of Mexico, Shell continues to lead industry in exploring this Jurassic play. “The Rydberg discovery builds upon our leadership position in the Eastern Gulf of Mexico and its proximity to our other discoveries in the area make Rydberg particularly exciting.” said Marvin Odum, Shell Upstream Americas Director. “These successes represent the emergence of another hub for Shell’s deep-water activities that should generate shareholder value.” The Rydberg well is located 75 miles (120 kilometres) offshore in the Mississippi Canyon Block 525 in 7,479 feet (2,280 metres) of water. It was drilled to a total depth of 26,371 feet (8,038 metres) and encountered more than 400 feet (122 metres) of net oil pay. Shell is completing the full evaluation of the well results but expects the resource base to be approximately 100 million barrels of oil equivalent. Together with the Appomattox and Vicksburg discoveries, this brings the total potential Norphlet discoveries to over 700 million barrels of oil equivalent. This is the first discovery for the partnership of Shell (operator, interest 57.2%), Ecopetrol America Inc. (28.5%) and Nexen (14.3%), a wholly-owned affiliate of CNOOC Limited. The discovery is within 10 miles (16 kilometres) of the planned Appomattox development and the 2013 Vicksburg discovery (Shell, operator, 75% and Nexen, 25%). Shell and Nexen are following up the Rydberg discovery with an exploratory well at Gettysburg, located in Desoto Canyon Block 398 which is also within 10 miles (16 kilometres) of the planned Appomattox Development. The Rydberg well was drilled by the ‘Noble Globetrotter I’ drillship, which is currently repositioning itself to drill the Gettysburg exploration well.

31 Jul 2014

Genel spuds SM-1 exploration well in Morocco

Genel Energy’s partner Serica Energy plc (Serica) has confirmed the spudding of the SM-1 well in Morocco. The ‘Noble Paul Romano’ semisub spudded the well, located on the Sidi Moussa licence at 23:10 hours on 30th July 2014. The well is approximately 60km off the west coast of Morocco in 990m of water and is anticipated to take between 60 to 90 days to complete operations.

20 Oct 2014

Genel announces discovery at Sidi Moussa block

San Leon, the AIM listed company focused on oil and gas exploration in Europe and North Africa, confirms that the SM-1 well in the Sidi Moussa block offshore Morocco has reached a total depth of 2,825mMDBRT (measured depth below rotary table) and encountered oil during drilling operations. Preparations are underway to perform cased hole testing. San Leon holds a 10% net working interest in the Sidi Moussa block, where Genel Energy is the operator. The SM-1 well was spud using the Noble Paul Romano semisub drilling rig on the 30th July 2014.

9 Dec 2014

Maersk spuds Xana exploration well

Norwegian Energy Company ASA (Noreco) has announced that its partner Maersk Oil has begun drilling of the Xana exploration well in licence 9/95 on the Danish continental shelf. The licence is located close to the gas discovery Svane. The well is being drilled by the jackup drilling unit Noble Sam Turner. The main target is upper Jurassic sandstones, ca 4 600 metres below the seabed. Drilling time to target depth is estimated to approximately 140 days.

8 Dec 2014

Noble settles with DOJ

Noble Corporation (Noble) today announced that it has reached a final settlement with the Department of Justice (DOJ), concluding a two-year investigation into the Company's operations and systems aboard the drillship Noble Discoverer. The settlement agreement also covers certain record keeping issues related to the Kulluk drilling rig, which was previously crewed by Noble personnel. Under the terms of the agreement, Noble will pay USD8.2 million in fines and USD4 million toward community service as designated by the DOJ. Noble stated that it has taken responsibility for these actions and assisted in the investigation and in implementing changes in its vessel and management process. These charges principally relate to deficiencies and maintenance issues raised by the U.S. Coast Guard during an inspection of the Noble Discoverer following a successful drilling season in offshore Alaska during 2012. Issues noted related to the Kulluk focused on record keeping. Concerns related to the Noble Discoverer have been addressed during the renovation and modernization of the rig which occurred as part of an extensive shipyard program conducted in Korea and Singapore. In addition to these improvements and upgrades to the vessel, Noble noted that it had strengthened its training programs to ensure that its operations more aptly reflect the Company's deep commitment to safety, compliance and environmental protection.

5 Feb 2015

Noble announces decision to retire three semisub rigs

Noble Corporation Plc (“Noble”) today announced its fourth quarter and full year 2014 results, including its decision to retire three older semisubmersible drilling rigs. The announcement follows suit with a number of other large rig managers including; Transocean and Diamond Offshore Drilling announcing similar retirement plans. Noble will retire the cold stacked Noble Paul Wolff and Noble Driller alongside the idle Noble Jim Thompson asset. The Noble Jim Thompson was awarded a contract with Hess in September 2014 and Noble has announced that this contract will now be transferred to the Noble Paul Romano semisub, which mobilise from the Canary Islands to begin drilling on or around 1st September 2015. David W. Williams, Chairman, President and Chief Executive Officer of Noble noted, "Rapidly declining crude oil prices during the fourth quarter further aggravated the offshore supply imbalance and contributed to an increasingly difficult environment for securing new contract commitments from our customers. Our financial performance in the quarter included an increase in idle time on several rigs, lower average daily revenues and margin contraction.

16 Oct 2014

OSM launches newbuild jackup in Indonesia

OSM New Build Management (OSM) is pleased to announce that earlier this month OSM officially launched their first Jack Up Project (Hull no. L209) in the PaxOcean Graha Shipyard. Owned by Beijing Petrolor Oilfield Services Co.ltd, the Jack Up rig is based on a Gusto MSC CJ46 design and was built in the PaxOcean Graha shipyard. The vessel is classified under ABS and can operate up to a water depth of 375 feet. The expected delivery of this vessel is April 2015. OSM’s Douglas Dalli, Head of New Building Management, said: “We are delighted to be announcing this project launch with Beijing Petroler Oilfield Services. The launch of this Jack Up rig is a strong representation of OSM’s ability to execute in its core markets and will hopefully result in more like projects.”

12 May 2015

Maersk announces discovery at Xana-1X

As operator of license 9/95 Mærsk Olie og Gas A/S (“Maersk Oil”) has drilled the exploration well Xana-1X (5604/26-7) in the northern part of the Danish North Sea. Xana-1X was drilled as a vertical well. The well proved the presence of hydrocarbons in Upper Jurassic sandstone. A comprehensive data and sample acquisition programme was carried out for further characterization of the discovery. The oil companies will now evaluate the results of Xana-1X and make plans for the additional work that is necessary to determine if the hydrocarbon discovery can be produced commercially. Xana-1X was spudded on 8th December 2014 with the jack-up rig Noble Sam Turner, where the water depth is 68 meters. The well terminated in Upper Jurassic clay stone at a depth of 5,071 meters below mean sea level. The well is now being plugged and abandoned. Subsequently the jack-up rig Noble Sam Turner will be moved to licence 8/06B for the drilling of the Jude-1 appraisal well.

12 May 2015

BOEM approves Shell's arctic exploration plan

After a comprehensive review and consideration of comments received from the public, stakeholders, and Federal and state partner agencies and tribes, the Bureau of Ocean Energy Management (“BOEM”) today conditionally approved Shell Gulf of Mexico, Inc.’s revised multi-year Exploration Plan (“EP”) for the Chukchi Sea. Among the conditions of approval is the requirement that Shell obtain all necessary permits from other state and federal agencies, including permits to drill from the Bureau of Safety and Environmental Enforcement (“BSEE”) and appropriate authorizations under the Marine Mammal Protection Act. Another condition of approval prevents Shell from commencing drilling operations until all Biological Opinions under the Endangered Species Act have been issued and requires all operations under the plan comply with the terms and conditions included in those Biological Opinions. The EP describes all exploration activities planned by the operator, including the timing of these activities, information concerning drilling vessels, the location of each planned well, and actions to be taken to meet important safety and environmental standards and to protect workers, resources, wildlife and access to subsistence use areas. In accordance with the National Environmental Policy Act, the review of the EP included the preparation of an Environmental Assessment and a subsequent Finding of No Significant Impact. Shell’s revised EP proposes the drilling of up to six wells within the Burger Prospect, located in approximately 140 feet of water about 70 miles northwest of the village of Wainwright. Shell will conduct its operations using the Noble Discoverer and Transocean Polar Pioneer units, with each rig providing relief-well capability for the other. The two drilling units and their supporting vessels will depart the Chukchi Sea at the conclusion of each exploration drilling season.

15 May 2015

Noble agrees to jackup rate reduction with Saudi Aramco

Noble Corporation (“Noble”) today released its updated fleet status and announced that the company reached an agreement with Saudi Aramco to reduce the operating dayrates for five jackup rigs. The dayrate reductions are effective from 1st January 2015 and run through the entirety of 2015 and will be applied over the remaining life of the existing contracts. The rigs in question are the Noble Scott Marks, Noble Roger Lewis, Noble Gene House, Noble Joe Beall and Noble Charles Copeland. The dayrates for the Noble Scott Marks and Noble Roger Lewis were reduced to USD169.5k whilst the remaining three jackup rates were reduced to USD65k. This announcement follows earlier agreements that Saudi Aramco negotiated with Rowan and Ensco for rate reductions in 2015.

14 Sep 2015

'Noble Tom Prosser' enroute to Australia for drilling contract

Carnarvon Petroleum Limited (“Carnarvon”) has provided the following update regarding the upcoming drilling of the Roc-1 well in WA-437-P. Quadrant Energy, the operator of WA-437-P contracted the Noble Tom Prosser (“Tom Prosser”) jackup drilling rig to drill the Roc-1 well and on the 11th September 2015, the Tom Prosser began its voyage from Singapore on route to Australia and is expected to arrive in Dampier between 19th and 21st September 2015. The rig will drill a well for Vermillion Energy at the Wandoo oil field before commencing Roc-1 drilling operations. At this time, the best estimate for the commencement of the Roc-1 well is early to mid-November 2015 and the well is estimated to take around 50 to 60 days to complete

28 Sep 2015

Freeport-McMoran strikes at Horn Mountain Deep well in US GoM

Freeport-McMoRan Inc. has announced positive drilling results from the Freeport-McMoRan Oil & Gas (“FM O&G”) 100% owned Horn Mountain Deep well in the US GoM. Initial production from this well, which will be tied back to existing facilities, is expected in first half 2017. This well, combined with two follow on development wells at Horn Mountain Deep, may be capable of producing an aggregate of 30,000 barrels of oil equivalents per day (BOE/d). During September 2015, the Horn Mountain Deep well was drilled to a total depth of approximately 16,925 feet. Logging while drilling logs indicated that the well encountered a total of approximately 142 net feet of Middle Miocene oil pay with excellent reservoir characteristics. In addition, these results indicate the presence of sand sections deeper than known pay sections in the field. The 100% owned Horn Mountain production facilities in FM O&G’s Mississippi Canyon area are capable of processing 75 MBbls of oil per day. Since commencing development activities in 2014 at its three 100% owned production platforms in the Deepwater GoM, FM O&G has drilled 12 wells, all with positive results. Three of these wells have been brought on production, and FM O&G plans to complete and place the remaining additional wells on production in late 2015, 2016 and 2017.

13 Nov 2015

Roc-1 well update

Carnarvon Petroleum Limited (“Carnarvon”) (ASX:CVN) is pleased to advise that the operator of the Roc-1 well, Quadrant Energy has now received the Noble Tom Prosser drilling rig. The rig will mobilise to the Roc-1 well site in WA-437-P and prepare for spud around 17 November 2015. The Roc-1 well will target the same Lower Keraudren reservoir in which oil was discovered in the 2014 Phoenix South-1 well by the same joint venture partners in the adjoining WA-435-P. Contingent on the success case, the plan is to re-enter the Roc-1 well bore in Q3, 2016 for comprehensive testing (including flow testing) and coring.

25 Nov 2015

Roc-1 well update

Carnarvon Petroleum Limited is pleased to advise that the operator of the Roc-1 well, Quadrant Energy has advised that the well spud on 24 November 2015. Drilling is expected to take approximately 35 to 40 days trouble free to reach Total Depth of 4,700m.

15 Dec 2015

Contract Cancellation

In accordance with the terms of the contract, Shell has terminated the rig's contract for convenience and will pay Noble for the remaining term at approximately 90 percent of the operating dayrate adjusted for certain other items. The rig is being mobilized to Singapore where it is expected to be stacked.

14 Mar 2013

Noble Homer Ferrington in Malta

Last Sunday 10th March, the rig Noble Homer Ferrington has arrived safely in Malta, berthing at the Malta Freeport in Birzebbuga. The agents for this rig are MaintiSea Support, our inhouse licenced ship agent, whilst Ablecare Oilfield Services Group is offering all the necessary support and services for the day to day operation in Malta.

3 Feb 2016

Retirement of Noble Charles Copeland

In its fourth quarter results announcement, Noble Corporation announced its decision to retire the drillship Noble Discoverer and the jackup Noble Charles Copeland, thereby reducing its fleet count to 30 units.

3 Feb 2016

Retirement of Noble Discoverer

In its fourth quarter results announcement, Noble Corporation announced its decision to retire the drillship Noble Discoverer and the jackup Noble Charles Copeland, thereby reducing its fleet count to 30 units.

8 Feb 2016

Drilling Commences on Baobab Marine-1 Well

SOCO, an international oil and gas exploration and production company, announces that the Baobab Marine-1 (“BABM-1”) commitment well commenced drilling on 5 February 2016 in the Mer Profonde Sud Block, located in the Lower Congo Basin, offshore the Republic of Congo. The BABM-1 well, to be drilled on the RR Prospect, is targeting stacked early Miocene channel complexes that are mappable in the seismic data, delineated by stratal discontinuities and variations in seismic amplitudes. Previous exploration drilling targeted different types of prospects, and the BABM-1 well is unique relative to all wells in and near the Block. Two wells on adjacent blocks along trend provide critical support to confirm that this wildcat tests an opportunity consistent with the known habitat of oil in the region. The BABM-1 well targets gross P50 prospective recoverable resource of c.330 million barrels of oil. The well will be drilled by the deepwater drillship Noble Globetrotter II and is expected to take 25 to 35 days, with a planned depth of approximately 3,400 metres below mean sea level. SOCO, with a 60% interest, is carrying 100% of the expected c.$25-30 million well cost.

1 Mar 2016

Update On Newbuild Jackup Noble Lloyd Noble

Noble Corporation plc (NYSE: NE) today reported its newbuild jackup rig, the Noble Lloyd Noble, sustained damage on February 28, 2016 following the collapse of a shipyard crane boom operating near the rig. The rig is in the late stages of construction at the Sembcorp Marine Jurong shipyard in Singapore. Damage appears to be confined to one area of the rig, including damage to one of the rig's cranes. The incident resulted in minor injuries to certain shipyard personnel. The Singapore Ministry of Manpower has commenced an investigation into the cause of the incident and access to the rig is limited during the initial phase of the investigation. Construction on the Noble Lloyd Noble was expected to be completed during the second quarter of 2016. Following mobilization of the rig to the North Sea, the rig was expected to commence a four-year primary term contract with Statoil during the third quarter of 2016, with the contract stipulating a commencement date of no later than March 1, 2017. A thorough rig damage assessment is required before a revised schedule of delivery and contract commencement can be determined.

10 May 2016

Noble Corporation plc Announces Agreement with Freeport-McMoRan

Noble Corporation plc (NYSE: NE) today announced an agreement with its client, Freeport-McMoRan Oil & Gas LLC (FMOG), and FMOG’s parent company, Freeport-McMoRan Inc. (Freeport), in connection with the drilling contracts for the drillships Noble Sam Croft and Noble Tom Madden, which were scheduled to terminate in July and November 2017, respectively. Pursuant to the agreement, the contracts will be terminated, with operations ceasing as soon as practicable, and Freeport will make a payment to Noble of $540 million. In addition, Noble can receive additional contingent payments from Freeport of $25 million and $50 million, respectively, depending upon the average price of oil over a 12 month period. Noble also expects to realize over $100 million in direct cost savings as a result of the contract terminations through crew reductions and stacking procedures. Freeport recently announced a restructuring of its oil and gas business, which is operated through FMOG. As disclosed in Freeport’s public filings, FMOG has substantial debt and has been negatively impacted by the crash in oil prices. “This agreement represents a favorable resolution for Noble shareholders.” said David W. Williams, Chairman, President and Chief Executive Officer, Noble Corporation plc. “By accelerating the contract value and removing counterparty risk and potential downtime exposure over the remaining term of the contracts, Noble will be able to secure the economic benefit of these contracts, particularly when factoring in the significant cost savings available. Given the financial headwinds facing our client, we are pleased to have resolved this matter in this manner, thus protecting our margins, monetizing the remaining term under the contracts and increasing our already robust financial flexibility.” Freeport can make the $540 million payment through a combination of cash, Freeport shares and up to $200 million in near-term Noble bonds. Through this arrangement, Noble expects to realize the full value of such payment.

27 Jun 2006

New Contract Award

Noble Corporation (NYSE: NE) announced the receipt of a letter of award from Venture Production plc (“Venture Production”) to enter into a contract with the Company for a new F&G JU-2000E enhanced premium jackup drilling rig to be constructed by China Shipbuilding & Offshore International Co., Ltd./Dalian Shipbuilding Industry Co., Ltd (“DSIC”) in Dalian, China. The Venture Production commitment, which has been approved by both companies’ Board of Directors, will have a contract term of two years at a dayrate of $210,000 per day. There are no extensions or options beyond the contract term. The Company estimates the cost of the rig will be approximately $190 million. Venture Production has informed the Company that it anticipates employing the rig in the North Sea. Mark Jackson, President and Chief Operating Officer of Noble Corporation, said, “We are pleased to continue to build on our long-term relationship with Venture Production with this contract.” This rig is the third heavy duty, harsh environment (HDHE) F&G JU-2000E, a high specification Friede & Goldman designed jackup, that the Company has scheduled to deliver to customers over the next three years. The Company has previously reported contracts with Shell E and P Offshore Services B.V. for the first two such newbuild jackups, to be named the Noble Roger Lewis and Noble Hans Deul. Each of these harsh environment jackups has a 75 foot cantilever reach, rated water depth of 400 feet, and rated drilling depth of 30,000 feet.

30 Jun 2016

http://www.tapoil.com.au/irm/PDF/2336/WA320PCommitmentWellDriftwood1

Tap Oil Limited (ASX:TAP) provides the following update on the WA-320-P permit in which it holds a 9.778% participating interest. The WA-320-P permit is located in the Carnarvon Basin, offshore Western Australia. As previously announced in the March 2016 quarterly (ASX release 30 April 2016) a commitment well is due in WA-320-P by the fourth quarter 2016. After extensive technical evaluation and engagement with the regulator, Quadrant Energy (formerly Apache), Operator of the WA-320-P permit, has recommended the Driftwood-1 well as the year 3 commitment well in WA-320-P, replacing the previously proposed Palmerston-1 well. The Driftwood-1 commitment well has an expected total well cost of A$15.47 million (gross), substantially lower than the estimated cost for Palmerston-1 of A$98.2 million. Tap has a 5% carry on the commitment well in WA-320-P of up to US$3.5 million (up to a total well cost of US$70 million) from JX Nippon Oil and Gas Exploration (Australia) Pty Ltd. The Driftwood-1 commitment well is located in WA-320-P in the Barrow sub-basin of the Northern Carnarvon Basin, offshore Western Australia, approximately 1km north of the Rosily-1A exploration well which had minor oil shows. Quadrant Energy has advised that the Noble Tom Prosser jackup drilling rig is expected to commence drilling the Driftwood-1 commitment well on 1 August 2016. The well objective is to test the Early Cretaceous sandstones of the Mardie Greensand Member, Birdrong Member and Zeepaard Formation in a low-relief, northeast-southwest trending four-way dip closure. A further update will be provided when drilling commences.

1 Jul 2016

Outtrim East-1 well update

Carnarvon Petroleum Limited (“Carnarvon”) (ASX:CVN) provides the following update on drilling operations as advised by the operator of the Outtrim East-1 well, Quadrant Energy. The well has reached the 12-1/4” hole section TD at a depth of 1,011m. Carnarvon notes that the first casing string was set shallower than expected due to drilling challenges in the shallow-hole section of the well around 400m, which had resulted in a delay of approximately 10 days. The well has successfully drilled through this challenging section. The well is currently rigging up to run the 9-5/8” casing liner at section TD of 1,011m. After the 9-5/8” casing liner has been cemented, drilling will continue to the expected oil zone where 90m of conventional coring will take place. After obtaining the core, the final section of the well will be drilled to a Total Depth (TD) of 1,440m. The expected cost to Carnarvon for the well is expected to be approximately $10.5m. The Outtrim East-1 well is located within the WA-155-P(1) exploration permit in the North West Shelf of Australia.

11 Jul 2016

Roc-2 well commences drilling

Carnarvon Petroleum Limited (“Carnarvon”) (ASX:CVN) is pleased to report that the operator of the Roc-2 well, Quadrant Energy, has advised that the well commenced drilling on 9 July 2016. The main aims of the Roc-2 well are to appraise the Roc gas-condensate discovery in the Caley section that Carnarvon announced on 4 January 2016, to progress towards proving a volume above the minimum economic field size and to establish potential flow rates for future development planning. Secondary objectives for the well are to explore the hydrocarbon potential of the deeper Milne member, where encouraging hydrocarbon shows were observed during the final phase of drilling the Roc-1 well, and the shallower Huxley member, where oil shows were encountered at Roc-1. The Roc-2 well will be drilled in around 100m water depth, approximately 160 km north-east of Port Hedland in the Bedout sub-basin of the greater Roebuck basin (figures 1 and 2). The well will take approximately 60 days to drill down to a total depth of around 5,250 metres, including the cutting of 120 metres of core, before the evaluation program is undertaken. The evaluation, including wireline logging and flow testing, is expected to extend over a further 40 days.

16 Jul 2016

Sembcorp Marine delivers Noble Lloyd Noble, the world’s largest jack-up rig, to Noble Corporation

Sembcorp Marine, a global leader in offshore and marine engineering solutions, has delivered the world’s largest jack-up rig to Noble Corporation. Noble Lloyd Noble, the seventh ultra high-specification harsh environment jack-up rig successfully completed for Noble Corporation, is based on the GustoMSC CJ70 design as well as Statoil’s ‘Category J’ specifications. The rig has an operational air gap of 69 metres and is capable of operating in a water depth of up to 150 metres (492 feet) in harsh environmental conditions. It boasts a maximum total drilling depth capacity of 10,000 metres (approximately 33,000 feet). To be deployed in Statoil’s Mariner field development in the North Sea under a four-year charter arrangement, Noble Lloyd Noble is the first offshore structure of its kind to fully comply with both Norwegian and UK regulatory standards. It is uniquely suited for operation over a very large platform or in a subsea configuration. The Noble Lloyd Noble project achieved 8 million man-hours worked without reportable incidents onboard the rig. It also scored a low Accident Frequency Rate (AFR) of 0.10 per million man-hours worked over a 31-month construction period. Sembcorp Marine President and CEO Wong Weng Sun said: “The Noble Lloyd Noble reaffirms Sembcorp Marine’s ability to continuously scale new peaks as a manufacturer of the world’s most sophisticated rigs. With a global network of facilities, we are able to execute projects of any scale and complexity to high health, safety and environmental standards. We look forward to partnering with Noble Corporation again in building the best and most versatile offshore structures.”

28 Jul 2016

Shell announces Fort Sumter discovery in Gulf of Mexico

Shell today announced a new exploration discovery in the deep water U.S. Gulf of Mexico. The initial estimated recoverable resources for the Fort Sumter well are more than 125 million barrels of oil equivalent (boe). Further appraisal drilling and planned wells in adjacent structures could considerably increase recoverable potential in the vicinity of the Fort Sumter well. “The Fort Sumter discovery builds upon Shell’s global deep-water leadership. Its proximity to our nearby discoveries in the area, and to highly prospective acreage to the southeast, makes Fort Sumter particularly significant,” said Ceri Powell, Executive Vice President Exploration. “These successes demonstrate there is still running room in the producing basins of our heartlands where large, high-value discoveries have the potential to further strengthen our deep-water competitiveness.” Fort Sumter was safely drilled in the Mississippi Canyon Block 566, located approximately 73 miles (117 kilometers) offshore southeast of New Orleans, in a water depth of 7,062 feet (2,152 metres) to a total vertical drilling depth of 28,016 feet (8,539 metres) measured depth. The block is nine square miles (23 square kilometers) in size and is operated by Shell (100%). An appraisal sidetrack well was later drilled to a depth of 29,200 feet (8,900 metres) measured depth. Shell’s material discovery in this heartland builds upon recent Norphlet exploration success at the Appomattox (2010), Vicksburg (2013), and Rydberg (2014) discoveries, bringing the total resources added by exploration in the Gulf of Mexico for Shell since 2010 to around 1.3 billion boe. Shell global deep water, which is a growth priority for the company, currently produces around 600 thousand boe per day, and production is expected to increase to about 900 thousand boe per day by the early 2020s from already discovered, established reservoirs.

1 Aug 2016

Aqualis Offshore oversees transport of world’s largest jack-up rig

Marine and offshore engineering consultancy Aqualis Offshore has been contracted by Noble Corporation to oversee the load-on, transportation and load-off operations of the first journey of the world’s largest jack-up rig, the Noble Lloyd Noble. Aqualis Offshore’s scope of work includes providing marine warranty services for the load-on, transportation and load-off operation of the giant jack-up. Aqualis Offshore will ride with the ship for the first leg of the journey from Singapore to Port Elizabeth, South Africa. The rig’s ultimate destination is Statoil’s Mariner field development in the UK sector of the North Sea. Contract value is undisclosed.

15 Aug 2016

WA-320-P DRIFTWOOD-1 FINAL DRILLING UPDATE

Tap Oil Limited (ASX:TAP) provides the following update on the WA-320-P permit in which it holds a 9.778% participating interest. The WA-320-P permit is located in the Carnarvon Basin, offshore Western Australia and the Driftwood-1 commitment well is located in WA-320-P in the Barrow sub-basin of the Northern Carnarvon Basin, approximately 1km north of the Rosily-1A exploration well which had minor oil shows. The well was spudded at 13:00 hrs WST on 1 August 2016 with the Noble Tom Prosser jackup drilling rig in 100.8 metres of water and was drilled to a final total depth of 2,111 metres measured depth at 14:20 hrs on 12 August 2016. The well objective was to test the Early Cretaceous sandstones of the Mardie Greensand Member, Birdrong Member and Zeepaard Formation in a low-relief, northeast-southwest trending four-way dip closure. The well intersected all of the drilling objectives, however all were water wet. There were no hydrocarbon shows intersected in the primary and secondary targets, elevated gas readings were noted from 2,055 metres measured depth to total depth of the well. The plan for the next 24 hrs is to recover the 30 inch surface conductor and to release the rig the afternoon of 16 August 2016.

27 Apr 2016

Total begins exploratory drilling

On Friday, April 22, 2016, the drillship Noble Globetrotter II left the Bulgarian port of Burgas, to travel to the location of the Polshkov-1 well for the first deep offshore exploratory drilling in Bulgarian waters. Xavier Faugeras, General Manager, Total E&P Bulgaria, presented the drillship at an official port ceremony on Tuesday, April 19, 2016. The event, which included the symbolic Bulgarian tradition of spilling water in front of the ship’s bow for good luck, was attended by the Prime Minister of Bulgaria, Boyko Borissov, Deputy Prime Minister for EU Funds and Economic Policies Mr. Tomislav Donchev, Minister of Energy Temenuzhka Petkova, Minister of Environment and Water Ivelina Vassileva, Minister of Transport Ivaylo Moskovski, Chairperson of the Parliamentary Energy Committee Mr. Delian Dobrev and other officials. “The arrival of the drillship marks a major step in the realization of the exploration program of Block 1-21 Khan Asparuh,” Mr. Faugeras pointed out. “This drilling is aimed at testing the presence of hydrocarbons on a structure identified on the block and will yield additional information to calibrate the models of the exploration team.” Total E&P Bulgaria along with its partners OMV Offshore Bulgaria GmbH and Repsol Bulgaria B.V. are committed to continue executing this important project for Bulgaria in the most professional and efficient manner.

29 Dec 2016

Conclusion of Tanzania Drilling

Ophir and its joint venture partners, BG Tanzania (Shell) and Pavilion Energy, have concluded the drilling of two exploration wells offshore Tanzania, safely and on time. The programme comprised Kitatange-1 in Block 1 and Bunju-1 in Block 4. After evaluation, Shell, the operator of Blocks 1 and 4, has confirmed that good quality reservoir was encountered in both wells, however hydrocarbons were not found. The Noble Globetrotter 2 rig has been demobilised from site. The two wells fulfil the final exploration commitments as per the exploration licences issued by the Ministry of Energy and Minerals (MEM). Subsequent to the completion of drilling Kitatange-1, a bridging licence has been awarded for the existing discovery Locations in Block 1.

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