Neptune Gets Nod for Dugong Drilling with Deepsea Yantai Rig

Wednesday, May 6, 2020

Oil and gas company Neptune Energy has received regulatory approval to use the Deepsea Yantai rig for exploration drilling in the North Sea, offshore Norway.

The Petroleum Safety Authority Norway said Wednesday it had granted Neptune the consent to use the rig for the wells 34/4-15 S and 34/4-15 A (sidetrack) at a prospect named Dugong.

The prospect is located in Neptune operated (40%) production license 882, near Equinor's Snorre field. Other partners in the license are Petrolia, Concedo, and Idemitsu.

According to PSA Norway, the drilling operation,  in a water depth of 331 meters, will take between 44 and 90 days to complete.

The Deepsea Yantai is a sixth-generation semi-submersible drilling rig delivered in 2019 by CIMC Raffles in China.

The drilling rig is owned by CIMC but managed by the Norwegian drilling contractor Odfjell Drilling.

The two companies last year signed a four-year management deal for the rig, under which Odfjell will also have the exclusive right to buy the rig and will have a right of first refusal on any offer to buy the rig following the exclusivity period.

According to Odfjell's fleet status report, the Deepsea Yantai should stay busy with Neptune until early 2021, with extension options available until mid-2022.

Categories: Energy Drilling Industry News Rigs

Related Stories

Shelf Drilling Lands New Jack-Up Contract in Vietnam, Extends Egypt Deal

Seatrium Engages Axess Group to Clear FPSOs for Brazil Deployment

CNOOC Finds Oil and Gas in South China Sea

PTTEP Hires Energy Drilling’s Rig for Southeast Asia Offshore Job

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

Chuditch Gas Field Drilling Ops Get Delayed to Next Year

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

CNOOC Puts Into Production New Oil Field in South China Sea

Sunda Energy Starts Environmental Consultation for Chuditch-2 Well Drilling Plans

Borr Drilling Bags Three New Assignments for its Jack-Up Drilling Rigs

Current News

Shelf Drilling Lands New Jack-Up Contract in Vietnam, Extends Egypt Deal

Seatrium Engages Axess Group to Clear FPSOs for Brazil Deployment

Inpex Picks FEED Contractors for Abadi LNG Onshore Plant

Inpex Kicks Off FEED Work for Abadi LNG Scheme Offshore Indonesia

ADNOC Signs Long-Term LNG Deal with Hindustan Petroleum Corporation

Sapura Energy Rebrands to Vantris Energy

BP, ONGC, Reliance Industries Ink Deal for Offshore Exploration in India

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

CNOOC Brings New Offshore Gas Field On Stream

Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com