The arrangement stipulates that the Prospector 5 and Natt rigs will remain under contract until May 2026 and December 2025, respectively.

This move aligns with ADNOC Drilling's strategy to expand its fleet, aiming to meet production capacity targets set by ADNOC.

A consortium led by Equinor ASA has received approval from authorities to implement new facilities linked to the gas lift phase of the Statfjord Ost field in the North Sea

The rig's departure follows a brief interlude between contracts, during which maintenance work was carried out.

Seplat Energy Plc has sadly confirmed the death of one individual and the ongoing search for three missing crew members following the collapse of its oil rig, Majestic, near Ovhor in Delta State.

This initiative follows the Venus light oil discovery in Block 2913B (PEL 56) within the Orange Basin, offshore southern Namibia.

The comprehensive drilling and completion operations are projected to span approximately 538 days, with an anticipated completion date in February 2025.

On August 14, 2023, the Norwegian Petroleum Directorate (NPD) announced the issuance of a drilling permit for Equinor's wildcat well 30/4-4 within production licence 043 FS.

Dolphin Drilling, an offshore drilling contractor, sees its recent acquisition of two semi-submersible rigs from Transocean as a promising sign of expansion, not only in the UK but also on a global scale.

Wellesley Petroleum AS, the operator of production licence 1148, has successfully completed the drilling of wildcat wells 35/10-10 S and 35/10-10 A, located approximately 25 km northwest of the Troll field and 150 km northwest of Bergen in the North Sea.