Stena Drilling has signed a contract with Timor Sea Oil & Gas Australia Pty Limited (TOGA), a subsidiary of Northern Oil & Gas Australia Pty Limited (NOGA) for the Stena Clyde.


Thur, February 15, 2018 - 12:00:00

Stena Drilling is pleased to inform that we have signed a contract with Timor Sea Oil & Gas Australia Pty Limited (TOGA), a subsidiary of Northern Oil & Gas Australia Pty Limited (NOGA) for the Stena Clyde.

The campaign is around 30 days and will commence around April/May this year and Stena Drilling is very pleased to be working with the TOGA/NOGA team. Stena Clyde has been kept warmstacked for a period of time in Darwin, Australia, and this workscope now represents a great opportunity for the Stena Clyde as the unit remains active and competitive in Australian waters.


 

Stena Drilling has signed a contract with Nexen Petroleum U.K. Limited for the Stena Spey


Tue, February 13, 2018 - 8:30:00

Stena Drilling is pleased to inform that, following a competitive tender exercise, we have signed a contract with Nexen Petroleum U.K. Limited for the Stena Spey. The drilling campaign is around 110 days with a potential additional option well on the Golden Eagle field, UK Central North Sea, and will commence on completion of the current well with Repsol-Sinopec. Stena Drilling is very pleased to be working with Nexen Petroleum U.K. Limited and this workscope presents another exciting new opportunity for the Stena Spey and the crews.


 

Stena Drilling has signed a contract with Greek oil and gas firm Energean for development drilling on the Karish field, offshore Israel.


Tue, January 30, 2018 - 8:00:00

Stena Drilling is pleased to report that we have signed a contract with Energean Oil & Gas for development drilling on the Karish Field, offshore Israel. Stena Drilling will deploy the Stena Forth, one of our four ultra-high specification drillships, to drill three development wells in Q1 2019 (with provision made for further options).

The Karish development programme includes drilling and production from a new Floating Production, Storage and Offloading (FPSO) vessel approximately 90 km offshore. First gas is expected in 2021. The Stena Forth has previous experience from the Mediterranean having worked offshore Libya in 2009. Stena Drilling is proud to have been selected for this high-profile development in the Mediterranean and also for the merits of which the selection was made: Energean has written in a press release that “Energean considers this to be a significant step in the development of Karish and part of a development plan which targets supplying gas to the growing Israeli gas market. Stena Drilling’s caliber, experience, and safety record was crucial in making this decision, given Energean’s commitment to achieving the highest standards of HSE performance and the requirement to operate in line with or exceed the European Directive on Safety of Offshore Oil & Gas Operations, as implemented by the UK safety directive”.

Source: https://www.energean.com/media/2411/20180129-press-release-energean-oil-gas.pdf


 

Oil Discovery Offshore Guyana


Mon, January 08, 2018 - 9:00:00

Exxon recently announced positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth oil discovery offshore Guyana since 2015. The Ranger-1 well discovery adds to previous world-class discoveries at Liza, Payara, Snoek, Liza Deep and Turbot, which are estimated to total more than 3.2 billion recoverable oil-equivalent barrels. (Source: http://news.exxonmobil.com/press-release/exxonmobil-announces-sixth-oil-discovery-offshore-guyana)

These wells were drilled by Stena Carron, one of our four ultra-high specification drillships. Specifically the Turbot well and the Ranger-1 well was drilled with Stena Drillings propriety MPD system.

Stena Drilling’s MPD system (as used on the Stena Carron) is the first ever, Drilling Contractor owned, closed loop, MPD system installed on a ultra deepwater drillship classed by DNVGL. Stena Drilling own two MPD systems which can be deployed to any of our ultra-high specification drillships.


 

Stena Drilling cancels newbuilding construction contract for semi-sub Stena MidMAX


Thu, June 01, 2017 - 9:00:00

Stena Atlantic Ltd, an affiliate of Stena Drilling Ltd, has today notified the Korean shipbuilder, Samsung Heavy Industries Co Ltd (SHI), that it has exercised its right to cancel their contract for the construction of “Stena MidMAX”, a dynamically positioned harsh environment semisubmersible drilling unit.

The rig was ordered in June 2013 with a delivery date in March 2016. SHI has, however, been unable to complete and deliver the unit within the contractually agreed timeframe.

Under the contract terms, Stena Atlantic is entitled to reimbursement of $215.4 million in pre-delivery instalments paid to SHI, plus accrued interest. Stena Atlantic is also intending to pursue claims for compensation in respect of its costs incurred in relation to the project.


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