Noble has secured a contract with Total Austral, a subsidiary of TotalEnergies, to redeploy the harsh-environment jackup rig Noble Regina Allen for the drilling of three horizontal wells at the Fénix project in southern Argentina.
The contract is expected to commence in the first half of 2024, with a duration of around 220 days. The estimated contract value is approximately US$33 million, excluding mobilisation and demobilisation fees. The contract further contains four one-well options.
“We are very pleased to confirm that the Noble Regina Allen will be brought back into the market for this important Argentinian natural gas project. We are looking forward to deepening our relationship to TotalEnergies with renewed collaboration in a South American basin,” says Blake Denton, Noble’s Senior Vice President of Marketing & Contracts.
Noble said the Regina Allen is currently undergoing repair work in Rotterdam, the Netherlands.
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TotalEnergies made its final investment decision on the Fénix project in September 2022. At production start-up, expected early 2025, Fenix will produce 10 million cubic metres per day of natural gas (70,000 barrels of oil equivalent per day). This development represents an investment of approximately US$706 million. Through its Total Austral affiliate, TotalEnergies operates the project with a 37.5% interest, in partnership with WintershallDea (37.5%) and Pan American Sur (25%).
