Mubadala Petroleum Books Borr Drilling Jack-up Rig

Bartolomej Tomic
Friday, July 15, 2022

Offshore drilling contractor Borr Drilling has secured a binding Letter of Award for its jack-up drilling rig Mist.

The deal is with the Abu Dhabi-based Mubadala Petroleum for drilling in Thailand. The contract length has an estimated duration of 210 days. The contract has an estimated value of $25.2 million. This set the dayrate to around $120,000.

According to Borr Drilling, the program is expected to start in January 2023.

The 2013-built Mist jack-up is a KFELS Super B Bigfoot Class rig. It can operate in water depths of up to 350 feet (106.68 meters). The rig is currently operating for PTTEP in Thailand, under a contract that expires in October 2022.

According to Wood Mackenzie data provided to Offshore Engineer, the global jack-up rig utilization in June was 66%, with 293 rigs on contract, and 148 available.

In Asia, jack-up utilization dipped 1% in June to 58%, with 84 rigs on contract, and 60 available.

Categories: Drilling Industry News Asia Shallow Water Drilling Rigs

Related Stories

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Yinson Production Closes $1B Investment to Drive Further Growth

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Chuditch Gas Field Up for Summer Drilling Ops as Sunda Reshapes Ownership Structure

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

CNOOC Makes Major Oil and Gas Discovery in South China Sea

Jadestone Submits Field Development Plan for Assets Off Vietnam

Shell Hires Noble’s Drillship for Work in Southeast Asia

Current News

Petrovietnam, Partners Sign PSC for Block Off Vietnam

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

Thailand's PTT to Buy LNG from Glenfarne's Alaska LNG Project

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Petronas Expands Suriname Portfolio with Deepwater Block Acquisition

Japanese Oil and Gas Firm Enters Two Blocks off Malaysia

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Woodside Agrees Long-Term LNG Supply with Petronas Unit

MODEC and Terra Drone Renew FPSO Drone Inspection Partnership

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