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.

Africa Oil, one of TotalEnergies' partners in Namibia, has announced that the companies are currently interpreting the flow test results and integrating them into development studies.

North America saw a decline in the number of rigs week on week, according to Baker Hughes' latest rotary rig count published on September 22.

This contract follows a period of repair for the rig after a mechanical failure in late 2022.

The DHIBM-6H well was drilled horizontally from the MaBoMo production facility to a total depth of 4,125 meters into the Gamba sandstone reservoir at the Hibiscus field.

The final investment decision for the project was made in 2021 when BHP approved $544 million in capital expenditure for the Shenzi North oil project.

This projection is based on the assumption that the renewable energy sector successfully transitions to a larger share of the energy mix.

Valaris had announced two contracts in July 2023 for its Valaris DPS-5 semi-submersible rig in the U.S. Gulf of Mexico.

The Yggdrasil area contains multiple discoveries and holds an estimated 650 million barrels of oil equivalent, while the Valhall extension project targets approximately 137 MMboe, as per project descriptions on Aker BP's website.

The rig, formerly known as Frigg, was delivered after undergoing a six-month reactivation and schedule G upgrade project at Ocean Oilfield's shipyard in Hamriyah Sharjah, UAE.