Rig: Sevan Louisiana

'Sevan Louisiana' back to work for LLOG by end of September

As previously reported by Sevan Drilling on August 19th and August 27th, the ‘Sevan Louisiana’ continues to encounter operational difficulties due to the BOP and supporting systems. The original issue with the BOP has been rectified, however the BOP tensioner support systems still needs further repair and replacements prior to operation. Spare equipment has been sourced from Seadrill's capital spare pool, and initial indication for return to service is by the end of September.

'Sevan Louisiana' operational update

Sevan Drilling has released an operational update regarding the ‘Sevan Louisiana’ semisub. ‘Sevan Louisiana’ has temporarily halted operations due to a control system leak on the BOP. In order to repair the leak, it was necessary to temporarily suspend the well in a safe manner and recover the upper section of the BOP to the surface. The unit was in the process of drilling an exploration well on the Humphrey prospect in the US GoM when the incident occurred.

'Sevan Louisiana' goes to work for LLOG

Following the press release on 16th May, 2014 Sevan Drilling (Sevan) has announced that the company’s ‘Sevan Louisiana’ drilling unit has completed acceptance testing and commenced its 1,095 day contract with LLOG in the US Gulf of Mexico. The ‘Sevan Louisiana’ began the contract on the on 28th May, 2014 and will be working for the operator until 2017, with a dayrate of USD505k associated. The ‘Sevan Louisiana’ is Sevan’s third operational unit, with the company set to receive its fourth unit later in 2014, although it has not be confirmed if Sevan will take delivery of the ‘Sevan Developer’ unless they are able to confirm a firm contract for the unit.

Sevan Drilling release operational update for 'Sevan Louisiana'

Sevan Drilling (Sevan) has announced that on the 13th May 2014 the company received the USD32.5 million mobilisation fee associated with the ‘Sevan Louisiana’. The unit was mobilised to Curacao by Fairmount Marine on board the Fairmount Sherpa vessel, after which it mobilised to the drilling location in the USA using its own thrusters. The ‘Sevan Louisiana’ is now continuing with acceptance testing and is expected to begin its contract with LLOG by the end of May 2014. The unit is contracted to LLOG for a firm three years, with the contract valued at a total of USD585.5 million.

'Sevan Louisiana' delivered by Fairmount Sherpa

Fairmount Marine’s tug the Fairmount Sherpa has towed the offshore semisubmersible drilling rig ‘Sevan Louisiana’ safely from Singapore to Curaçao. During the 11,500 miles voyage via Cape of Good Hope, stops were made in Port Louis (Mauritius), Walvis Bay (Namibia) and Port of Spain (Trinidad) to take bunkers and for crew changes. The’ Sevan Louisiana’ is a so called Ultra Deep Water rig (UDW), built in 2013 at the Cosco shipyard in Nantong, China, for UK-based Seadrill Ltd. The self-propelled rig, equipped with eight thrusters, can accommodate up to 150 crew members. After arrival in Curaçao the Fairmount Sherpa performed multiple cargo runs for the ‘Sevan Louisiana’. The rig will leave Curaçao on her own thrusters to begin a three year contract with LLOG in the US Gulf of Mexico.

Farmount Marine Towed Sevan Louisiana to Curacao

Tug Fairmount Sherpa has towed rig Sevan Louisiana safely from Singapore to Curaçao. During the 11,500 miles voyage via Cape of Good Hope, stops were made in Port Louis (Mauritius), Walvis Bay (Namibia) and Port of Spain (Trinidad) to take bunkers and for crew changes. After arrival in Curaçao the Fairmount Sherpa performed multiple cargo runs for the Sevan Louisiana. The rig will leave Curaçao on her own thrusters for her next job in the Gulf of Mexico.

'Sevan Louisiana' rig delivered from Cosco shipyard in China

The ‘Sevan Louisiana’ drilling rig has been successfully delivered to its drilling manager Sevan Drilling today by the Cosco Quidong Shipyard in China. The ‘Sevan Louisiana’ which was ordered by Sevan back in 2011, will now begin its mobilisation to the USA where the unit has been contracted for a three year drilling contract by LLOG. The unit was built to Sevan Drilling’s cylindrical deep water drilling rig design and is expected to enter the shipyard once it reaches the USA to undergo a number of new equipment installations before beginning operations with LLOG towards the end of Q1 2014. The unit is Sevan’s third drilling rig built to the drilling manager’s unique design, with a fourth unit set to be delivered in mid-2014.

Sevan Drilling raises new funds for newbuild construction

Sevan Drilling ASA has announced that the company has successfully raised over US$179m through a private share placement of 250,000,000 shares. The company required the influx of funds in order to fill a gap in its possible funding after it saw a reduced dayrate for its Sevan Brasil unit operating in Brazil due to issues with the units blow out preventer. Seadill used the share placement to increase its share in Sevan Drilling up to 30.31%, with Sevan now hoping to secure charter contracts for its two newbuild units currently under construction in China.