Oil & Gas Drilling
Rowan Companies Plc
Independence Contract Drilling Inc
Daldrup & Soehne AG:Signs memorandum of understanding for deep geothermal project scope of 50 mln euros.Deep geothermal project in southern Molassebecken (Bavaria).Beginning of work, including planning, well site, drilling and testing of drilling is planned for Q4.
Archer Ltd:Says ConocoPhillips awarded Archer contract for mechanical wireline services on the Norwegian continental shelf until 2021.Says contract was awarded to Archer following a competitive tender process for ConocoPhillips' well intervention services in Norway.
Archer Ltd:Announces a two-year extension of its contract for platform drilling services.Says Statoil has exercised the first option following the original four-year contract, with two additional two-year extension options remaining.Says Archer is currently the incumbent contractor for the Statfjord A, B and C platforms.Has been additionally awarded the Njord, Sleipner A, Snorre A and B, and Visund platforms under this extension.The extension will commence on Oct. 1 which is a direct continuation of the current contracts.
SeaDrill Ltd:Has been awarded an 18-month contract extension for the drillship West Tellus by Petrobras commencing in April 2018 and securing work for the unit through the end of Oct. 2019.The total backlog for the contract extension is about $164 million.As part of the agreement to extend the West Tellus, Seadrill has agreed to a dayrate reduction on the current contract effective from Feb. 26, resulting in a $132 million reduction in backlog.Net effect of this agreement is a $32 million increase in backlog.
Greka Drilling Ltd:Announce a new contract to provide drilling services to Essar Oil Limited on the Raniganj East Block in West Bengal, India.