EnscoRowan signs deals for three floaters and five jack-ups

Offshore driller EnscoRowan has nabbed eight rig contracts and contract extensions with the likes of Total, Kosmos, NAM, Neptune Energy and others.

In a fleet status update on April 29, the company, formed earlier this month after a merger between Ensco and Rowan, said it had secured work for three floaters and five jack-ups.

In the floater segment, EnscoRowan said that Total had awarded the ENSCO DS-9 drillship a four-well contract with offshore Brazil. Total will also have two 1-well options to extend. The contract for the ENSCO DS9 is scheduled to begin in June 2019 and should the rig busy until May 2020. The rig had previously worked for Total in French Guiana before that contract expired in March.

While EnscoRowan did not reveal the dayrate for the Total contract, Norwegian rig brokers Bassoe have estimated it to be around 180.000.

EnscoRowan also revealed that Egypt’s Burullus Gas Company had hired the Ensco DS-7 drillship. The contract is for 180 days and it already started in April. The contract is expected to end in October this year. Burrullus will have eight one well options to further extend the charter.

Furthermore, EnscoRowan has confirmed it was awarded a six-well contract with Kosmos Energy for the Ensco 8503 semi-submersible drilling rig in the U.S. Gulf of Mexico. Bassoe has estimated the dayrate to be around $155.000.

The rig, currently drilling for Talos in Mexico, will start its contract with Kosmos in August 2019.

Worth noting, the Ensco 8503 will end its contract with Talos in June, after which it will go on a four-well contract with Apache in the U.S. Gulf before joining Kosmos.

Jack-ups

As for the jack-up rig segment, EnscoRowan has said it was awarded a nine-well contract for ENSCO 100 rig with Faroe Petroleum (recently bought by DNO) in the North Sea.

This contract is expected to start in November 2019, and, as a result, a previously disclosed contract with Premier is expected to be fulfilled by an ENSCO 120 Series rig. Bassoe has placed an estimate for the dayrate at around $75.000.

Also, ENSCO 72 was awarded a three-well contract with Petrofac in the North Sea that is expected to start in May 2019 and end in July. Bassoe’s estimated for the dayrate is around $65.000.

Moreover, ENSCO 101 jack-up has been awarded a contract extension with Neptune in the UK North Sea by one well, with an estimated duration of three months.

Also in the North Sea, jack-up unit ENSCO 122 had a contract with NAM extended by one well, with an estimated duration of 30 days.

In the U.S. Gulf of Mexico, EnscoRowan said its ENSCO 68 was awarded a one-well contract with Ankor Energy. The contract is expected to start in May 2019, replacing a previously disclosed one-well contract with Fieldwood. Bassoe has estimated the dayrate to be around $65.000. After the Ankor job, the rig will drill one well for Castex in the Gulf of Mexico.

The driller has also said that it has sold the Ensco 97 jack-up rig. The rig had worked in Saudi Arabia for Saudi Aramco between January 2015 and February 2019.

Offshore Energy Today Staff

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