Rig: Ocean Rig Olympia

Name Ocean Rig Olympia
Owner Drillship Paros Owners Inc.
Manager Transocean
Rig Type Drillship
Sub Type Ultradeep Water
Jackup Type --
Max Water Depth (ft) 10000
Max Drill Depth (ft) 35000
Dimensions (ft) 748 x 137.8 x 62
Leg Length (ft) --
Competitive Yes

Current Location

Country Spain
Region Southern Europe

Drilling Equipment

Drawworks Type National Oilwell Varco SSGD-5750
Drawworks HP 8000
Mud Pumps Type National Oilwell Varco 14-P-220 Triplex
Top Drive National Oilwell Varco HPS-1000
Hookload Capacity (lbs) 2000000

Rig Construction Details

Rig Design Samsung
Rig Model S10000E
Year Built 2011
Country of Build South Korea
Yard Name Geoje (Koje) Shipyard
Group Yard Name Samsung Heavy Industries (SHI)

Rig Contract Details

Operating Status Cold Stacked
Operator --

News

21 Jan 2016

Ocean Rig announces notice of termination for the Ocean Rig Olympia

Ocean Rig, a global provider of offshore deepwater drilling services, announced today that “due to the dramatic fall of the crude oil price and the volatile market context, ENI has reassessed its drilling activities and taken the decision to exercise its right of terminating” the contract of the Ocean Rig Olympia.

7 Oct 2015

Ocean Rig Announces Fleet Update

The Ocean Rig Olympia has successfully started its new contract in Angola as of August 15, 2015. The rig is expected to move to the Ivory Coast for one well in the fourth quarter of 2015 and return to Angola to complete its remaining contract until June 2016. Currently, there are no prospects for further employment and if no employment is found the rig will be cold stacked and the respective SPS will be postponed.

18 May 2015

Ocean Rig and Eni complete drilling contract agreement

Ocean Rig UDW Inc. (“Ocean Rig”) today announced that in connection with the previously announced omnibus agreement with Eni Angola S.p.A (“Eni”), all closing connections including approvals by national authorities and signing of definitive documentation has been satisfied. The omnibus agreement was originally announced by Ocean Rig on the 8th January 2015. As a result of the completed agreement, the contract for the Ocean Rig Poseidon has been extended for a full year, until Q2 2017 and the unit now has a total contract backlog of USD367 million. Meanwhile the Eni has entered into a new contract for the Ocean Rig Olympia which is expected to commence drilling in Angola in Q3 2015 for a minimum period of eight months and a total contract value of USD91 million.

16 Mar 2012

Enyenra-4A appraisal well successful

Tullow Oil plc (Tullow) announces that the Enyenra-4A appraisal well, in the Deepwater Tano licence offshore Ghana, has successfully encountered oil in very good quality sandstone reservoirs. Good evidence of communication with the Owo-1 discovery wells and the Enyenra appraisal wells confirms the significant extent of the Enyenra light oil field. Located just under seven kilometres south west of Enyenra-2A and almost 21km south of the Enyenra-3A well which defined the northern end of the Enyenra oil field, the Enyenra-4A well was drilled to define the southern extent of the field. Results of drilling, wireline logs, samples of reservoir fluids and pressure data show that Enyenra-4A has intersected 32 metres of net oil pay. Pressure data from the oil leg has demonstrated that the oil is in static communication with the oil seen in the other wells in the field and indicate a continuous oil column of approximately 600m. The Ocean Olympia drillship drilled Enyenra-4A to a total depth of 4,174 metres in water depths of 1,878 metres. Wireline logging has been completed and injectivity tests are under way to provide important data for the design of the water injection system. On completion of operations, the well will be suspended for later use. The drillship will return at a later date to the Deepwater Tano block to perform a drill stem test on the oil zone in the Ntomme-2A well. Tullow (49.95%) operates the Deepwater Tano licence and is partnered by Kosmos Energy (18.00%), Anadarko Petroleum (18.00%), Sabre (4.05%) and the Ghana National Petroleum Corporation (GNPC) (10% carried interest).

8 Dec 2011

Lukoil and Vanco announce discovery in Ivory Coast

LUKOIL Overseas Cote d’Ivoire Ltd. together with Vanco Cote d’Ivoire Ltd. (Vanco) and PETROCI Holding, announces a discovery in Block CI-401. The Independance-1X exploration well drilled on Block CI-401 has penetrated the targeted objective and found a series of good-quality sandstones containing light oil and gas condensate. Full analysis of well results, including wireline logs, reservoir pressures and fluid samples, confirms that the well penetrated 8 meters (26 feet) of hydrocarbon pay in two good-quality Turonian-aged sand packages. Hydrocarbon samples recovered from the Independance-1X well indicate 40 degrees API gravity. The well will be temporarily abandoned at a total depth of 4,132 meters. Independance-1X was drilled in a water depth of 1,689 meters, approximately 93 kilometers (58 miles) southeast of Abidjan. The Independance -1X is the second exploration well to be drilled in Block CI-401, which encompasses an area of 619 square kilometers (152,948 acres) in water depths ranging from 950 to 2,100 meters. On September 30th, 2005, the Government of the Republic of Cote d’Ivoire, Vanco Cote d’Ivoire Ltd. and PETROCI Holding signed a Production Sharing Contract covering Block CI-401. LUKOIL Overseas Cote d’Ivoire Ltd. joined the block in 2007. Vanco (Operator) holds a 28.34% participating interest with LUKOIL holding 56.66%. PETROCI Holding, the state oil company, holds a 5% participating interest together with 10% carried interest. LUKOIL will continue the analysis of the discovery, its scale and development prospects in order to make further investment decision for commercialization of the project.

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