ConocoPhillips books jack-up rig for Sarawak operations

Malaysian offshore services provider Icon Offshore has secured a drilling contract with oil major ConocoPhillips for operations offshore Sarawak, Malaysia.

Icon Offshore informed last Friday that its subsidiary company, Oilfield Services Sdn Bhd (IOSSB) formerly known as Perisai Offshore, had received a letter of award from ConocoPhillips for the provision of a jack-up rig for ConocoPhillips Sarawak’s 2022 drilling campaign.

ConocoPhillips issued the letter of award on 23 December 2021 to IOSSB for the provision of the Icon Caren rig to drill three wells plus one well.

The contract is expected to start in the second quarter of 2022 and it has an estimated value of $9.6 million.

The Icon Caren rig was previously known as Perisai Pacific 101 before it was purchased by Icon Offshore from Perisai Petroleum in a deal announced in 2020 for a reported price tag of about $40 million.

In early 2021, the rig won a contract from Petrofac for a primary period of 180 days with firm eight wells, and with an optional three wells extension. Come September 2021 and the rig secured more work off Malaysia, which was scheduled to start in October 2021 for a period of 120 days for four wells.

The Icon Caren is a high specification jack-up rig capable of operating in a water depth of 400 feet, with a drilling depth capability of 30,000 feet. It was built by Sembcorp Marine’s PPL Shipyard in Singapore and delivered in July 2014.