he contract, signed in March 2023, specified an effective day rate, including the mobilization fee, associated with the minimum firm contract period at $325,000.

With plans to commission 65 development wells, CNOOC aims for a peak production of around 37,000 barrels of oil equivalent per day (boepd) in 2024.

According to the Norwegian Petroleum Directorate (NPD), the drilling of well 31/4-A 13 E in the northern part of the North Sea has revealed an estimated recoverable oil volume ranging between 0.2 and 0.5 million Sm3.

This two-year extension, set to take effect in April 2024, covers the provision of offshore drilling operations, maintenance services, procurement, and warehouse management across eight offshore platforms for an existing client in Azerbaijan.

The contract will be executed by Oceaneering's Brazilian subsidiary, Marine Production Systems, and focuses on operating three existing drill pipe riser systems.

Located 4.35 miles (7 kilometers) northwest of the Draugen platform, Hasselmus is connected to Draugen as a subsea tie-back.

Shelf Drilling announces successful contract awards for the Adriatic I and Shelf Drilling Mentor jack-up rigs in Nigeria, with a combined estimated contract value of $93 million.

This rig is currently under contract with China's CNOOC and is operating in the UK North Sea, specifically at the Golden Eagle offshore oil field.

The scope of work includes plugging, drilling, and completion of well 15/8-G-1 AH.

This marks the 14th exploration well in production license 035, which was originally awarded in 1969.