Saturday, March 25, 2023

Exxon firms up contract coverage for Noble drill ships targeting Guyana operations

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U.S oil major ExxonMobil has firmed up contract coverage for several Noble rigs under the Commercial Enabling Agreement it has with the drill company for operations in the Guyana-Suriname basin. The agreement defines contract terms for the continuation of drilling services using certain drilling units in Noble’s fleet.

In announcing its fourth quarter (Q4) and full year 2020 results on Friday, Noble said during Q4 the jackup Noble Sam Turner signed a two-year contract award with Total in Denmark for work beginning in March 2021, the jackup Noble Tom Prosser was awarded a contract with Santos in Timor-Leste for work beginning in May 2021, and the jackup Noble Hans Deul executed a contract with IOG for 440 days of work beginning in April 2021.

“ExxonMobil also transferred contracted term among our rigs working under the Commercial Enabling Agreement, solidifying the contract coverage for the Noble Tom Madden to the end of 2027, the Noble Bob Douglas and Noble Don Taylor to the end of 2022, and finally the Noble Sam Croft to the end of 2021,” Noble said.

The Sam Croft recently wrapped up drilling operations the Keskesi East-1 prospect in Suriname’s Block 58 where Apache and Total earlier this year  discovered oil, volatile oil and condensate in the Upper Cretaceous-aged Campanian and Santonian intervals.

The arrival of the Sam Croft in Guyana will take the total number of drill ships operating off the country’s coast on contract with ExxonMobil to six.

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