Drillers Shack’s Post

Day Rates are Clearly Improving… The Transocean Deepwater Åsgard wins contract extensions in the Gulf of Mexico. Hess Corporation have agreed to approximately one year or 365 Days (as quoted, don’t know why they say that, we know what a year is) extension to the Drillships existing contract. A nice $188 million in backlog, including additional services will keep the unit working in GOM until June 2026 in a continous movement from its existing deal. The previous contract extension on Deepwater Asgard drillship was quoted in April 2024 for day rate of $505/Day. Transocean clearly in control of its finances and as we have seen the juggernaut thin out some of its fleet it’s clearly looking to keep in the biggest game in town which continues to be Deepwater. Good luck to all and congratulations to all concerned, Drillers Shack wishes all the hands to stay safe and on the ball and we wish all the #management smooth operations. #oilandgas #offshore #drilling #innovation #broseidon

The K-BOS system represents cutting-edge technology for subsea drilling safety. Its ability to instantly shear and seal wells adds a new level of reliability to offshore operations, minimizing risk and protecting both the environment and personnel. Given its success on the Ventura Drillship Carolina in Brazil, it’s clear that K-BOS is setting a new standard, and all subsea BOP stacks should be equipped with this game-changing technology. This innovation is poised to transform safety in subsea drilling globally.

Breaking News - Ventura Offshore and Kinetic Pressure Control complete its first campaign together utilising the K-BOS (Kinetic Blowout Stopper) Offshore Brasil. NOTÍCIA- Ventura Offshore e Kinetic Pressure Control Complete sua primeira campanha juntos, utilizando a sistema novo o K-BOS (Kinetic Blowout Stopper). “Ventura Drillship Carolina, working for Petrobras, offshore Brazil, has just finished its first batch of 4 wells, all in the Buzios Field, using the K-BOS. The subsea wells drilled and completed for Petrobras, from January 2024 onwards, have an average water depth of 2,000m, total measured depth of +5,000m, and an average duration of 60 days each. All operations were safely performed, according to the K-BOS system specification without NPT.    The K-BOS system, which can shear anything, and seal the well instantly, undoubtedly added enormous reliability to the DS Carolina’s BOP capabilities, offering a significant risk reduction for subsea drilling operations, while protecting both the environment and the personnel on board. Ventura Offshore aligns a long successfully working history with Petrobras, with its commitment to invest in technologies which gives the company a cutting-edge competitive advantage, being proud to set the milestone of the first drilling contractor to deploy K-BOS with Petrobras, not only with the Carolina, but also with its semi-submersible Victoria.” Drillers Shack wishes to congratulate all involved with this industry changing technology and the drive to ensure safety is the number one concern of the Operator, Drilling Contractor and Partners. Certainly we will be seeing more of the K-BOS in Brasil and many other worldwide operations. More about Ventura 👉 https://lnkd.in/dKs7J2EH More about K-BOS 👉 https://lnkd.in/dXnwn7Qz #innovation #offshore #drilling #oilandgas #management

This is a big step forward in the world of well control! Have yet to put my hands on a K-BOS, but excited for the day! Well done to all involved in continuing to shape our industry! #VenturaOffshore #KineticPressureControl

The most powerful offshore support vessels in the world

Ahead of mobilisation to the Erskine platform later this month, Executive Chairman Gilad Myerson spent time on the Valaris 123 heavy duty jack-up rig, currently completing its five-yearly maintenance and inspection work scopes in Dundee. Explaining the importance of this well intervention in building longevity within our assets, Gilad said: “Focussed on maximising production from across our assets, we are committed to bringing Erkine’s fifth platform well back online. Erskine is a significant contributor to Ithaca’s production, and I look forward to seeing a successful outcome later this summer. Ithaca Energy is committed to providing home grown energy from our North Sea asset base. “Using innovative techniques, our highly talented teams have identified an opportunity to reinstate the fifth well, W1. We are excited to partner with Valaris – a global leader in offshore drilling operations. Safety is at the heart of this project: at Ithaca Energy and Valaris the safety of our workforce comes first. As we continue to improve longevity in our producing assets, I was delighted to see the preparation for this important campaign.” Erskine Asset Manager, Paul Ness said: “Erskine is a Normally Unattended Installation with accommodation for 12 personnel and crane capacity limited to 7.5Te. This makes it challenging to conduct some workscopes, so with the Valaris 123’s available POB of 136 and 60Te cranes, we will use this opportunity to also conduct maintenance and other project which are due over the next few years. This complex intervention requires milling by coiled tubing to access the deeper sections of the well prior to perforating, logging, and potentially partially plugging zones to re-establish production. “Even after 26 years of production the surface pressure is still relatively high at up to 180 barg (2,600 psig) and the reservoir temperatures remain at initial levels of 173°C (343°F). This makes tool and chemical selection particularly challenging, but our expert team has identified solutions which reliably operate in these challenging conditions.” Erskine was the first High Pressure High Temperature (HPHT) field in the UK Continental Shelf and came online in December 1997. #Triumph.Together #DeliverResults

Diamond Offshore secures new contract and extension of existing contract for one of its drillship's and semi-sub's. Diamond Offshore has secured a two-year contract extension with a associate of bp in the US Gulf of Mexico for its ultra-deepwater Ocean BlackLion drillship, commencing in September 2024. This will be a continuation of the rig’s current contract. The extension represents approximately $350 million of additional backlog. Diamond Offshore also announced a contract with Serica Energy plc to utilize its harsh-environment semisubmersible Ocean Patriot for two plug and abandonment (P&A) wells in the UK North Sea. Work is estimated to begin in March 2024 and continue for approximately 60 days. This contract represents over $10 million of additional backlog, excluding mobilization. “These awards reflect the continuing strength of the drillship market and the improving moored floater market in the UK North Sea while highlighting the exceptional work of our crews across these regions,” stated Bernie Wolford, Jr., President and CEO, Diamond Offshore. More excellent news for the Industry as the contractors continue to strengthen, 2014 seems like a bad memory that's improving month on month, good luck to all with their campaigns and wishing all success and Safety - Drillers Shack Diamond Offshore news 👉 https://lnkd.in/dMKQWWvq #drilling #oilandgas #petroleum #contracts

Understand the impact of waves and surface currents 🌊🚢 You bet the most powerful offshore support vessels in the world benefit from measuring and predicting wave heights, currents, and vessel motion to make informed decisions and take proactive measures to ensure the safety of their crew and assets. #KnowYourWaves #SeaStateAsAService Miros’ technology helps mitigate the risk of accidents improving situational awareness with precise real-time measurements and derived local sea state and weather conditions for enhanced data-driven awareness of offshore operations.   Find out how your offshore operations can profit from real-time sea state insights: https://lnkd.in/dcqPtecw OffshoreChannel Credit: Mostop #Miros #offshoreoperations #offshore #vessels #WaveSystem

We're thrilled to announce that Ensign T-142 has set a new efficiency record for a major operator in the Midland basin during the recent walk on T-142. They beat the previous all-time best by 0.25 hour. Ensign T-142’s average is now 45-minutes faster than 2023 (6.24 Hours), saving 8.25 Hours, over 11 walks this year so far. A memorable mention to Ensign T-135 who had set the previous efficiency record. Ensign T-135’s average is now 0.91 hours faster than 2023 (7.43 Hours), saving 12.74 Hours / 0.53 Days this year. Here are the impressive details from both rigs: • Goal Duration: 6.96 Hours (2024 Ensign Walk Goal) • Actual Duration: o T-142: 2.00 Hours o T-135: 2.25 Hours • Distance: 20 feet (0.25 Hours) • Offline Operations: Cement operations performed seamlessly post-BHA pickup • Holding Rank: T-142 currently holds 3 of the top 10 positions in the Top 10 Ensign Rig Walks for the operator / T-135 currently holds 2 of the top 10 positions. Sam Shirley, Manager of the Performance & Development team, reflected on his team's achievements this year, after conducting a total of 40 site visits to T135, YTD and being onsite for 45% of their YTD walks. He expressed, "I’m immensely proud of Rig 135 and the support my team has historically provided to them. Achieving such recognition is no small feat, and setting an all-time record is truly remarkable. Their dedication to pre-planning demonstrates sustainable performance. Historically, we couldn't surpass major competitors, but in recent years, consistent pre-planning and an empowering culture have proven we can lead the pack." Huge congratulations to the entire Ensign T-142 and T-135 crews! Your dedication and hard work are truly commendable. 🎉👏 #oilgas #oilandgas #drillingrigs #oilpatch #oilfieldservices

The Neyrfor turbodrilling system with a hybrid turbine saved 10 days rig time and USD 1 million during underbalanced CT drilling in the Khuff Formation.