LLOG Experiencing Tremendous Growth, CEO Says

Mb50's "Liquid Mud" Rant

LLOG Exploration today provided an update on the status of Deepwater drilling contracts, production at the Who Dat field, development activities at the Marmalard discovery, and its recent Powerball discovery.

On April 2, a three-year contract, with an option for an additional year at mutually-agreeable rates, between LLOG Bluewater Holdings, LLC (the joint venture partnership between LLOG and Blackstone) and Sevan Drilling was announced for the Sevan Louisiana ultra-deepwater drilling rig that is currently under construction in China. The rig will be capable of drilling in water depths up to 10,000 feet, and is scheduled for delivery in Q4 2013.

On April 16, LLOG Bluewater Holdings and Seadrill announced a three-year contract, with an option for a fourth year at mutually-agreeable rates, for the new-build, ultra-deepwater drillship West Neptune. The West Neptune is being built in South Korea and is scheduled for delivery in Q2 2014. The rig will…

View original post 321 more words

Anadarko Finds High Quality Oil in Gulf of Mexico

Mb50's "Liquid Mud" Rant

Anadarko Petroleum Corporation (NYSE: APC) today announced its Phobos-1 well in the deepwater Gulf of Mexico encountered approximately 250 net feet of high-quality oil pay in Lower Tertiary-aged reservoirs.

“Our 2013 Gulf of Mexico exploration program is off to an outstanding start, as Phobos marks our third significant deepwater success this year,” Anadarko Sr. Vice President International and Deepwater Exploration Bob Daniels said. “Phobos is our first well in the previously untested Sigsbee Escarpment area of the Gulf of Mexico and successfully tested a significant four-way structure in the Lower Tertiary. Phobos’ close proximity to our Lucius project is expected to further enhance the economics of this potential future development.”

The Phobos discovery, located in Sigsbee Escarpment block 39, was drilled to a total depth of 28,675 feet in approximately 8,500 feet of water, approximately 11 miles south of Anadarko’s Lucius discovery, which is under development. Anadarko currently…

View original post 53 more words

Gulf of Mexico: PXP Hires Noble’s New Drillships for $1.3 Bln

Mb50's "Liquid Mud" Rant

Noble Corporation  today announced that the Company has entered into two three-year term drilling contracts with Plains Exploration & Production Company for the Noble Sam Croft and the Noble Tom Madden, two of Noble’s new ultra-deepwater drillships currently under construction at the Hyundai Heavy Industries Co. Ltd. (HHI) shipyard in Ulsan, South Korea.

The drillships, which are being constructed on a fixed price basis, are expected to be utilized for operations primarily in the U.S. Gulf of Mexico under these contracts.

The Noble Sam Croft is expected to be delivered in the second quarter of 2014, followed closely by the Noble Tom Madden, which is expected to be delivered in second half of 2014. The contracts are expected to commence following mobilization to the U.S. Gulf of Mexico and customer acceptance. Revenues to be generated over the three-year terms are expected to total approximately $693 million per rig, including…

View original post 247 more words

Gulf of Mexico: Balltec to Supply Subsea Mooring Connectors for Tubular Bells Project

Mb50's "Liquid Mud" Rant

Balltec Ltd, Morecambe,UK, has been contracted by Houston Offshore to supply and install 10 off MoorLOK™ subsea mooring connectors for the Tubular Bells project, located in the Mississippi Canyon area of the Gulf of Mexico.

The contract covers the manufacture of 10 off 15,000kN MoorLOK™ connectors for the mooring of the Williams floating production system (FPS), Gulfstar GS1 on the Tubular Bells field at a water depth of 4,500ft. The connectors will be manufactured in accordance with the ABS Guide for the Certification of Offshore Mooring Chain, 2009, and are due to be installed during the first half of 2013.

Martin Bell, Sales and Marketing Director at Balltec Ltd said:

‘Balltec is proud to have been awarded this significant mooring connector contract. The Tubular Bells project has been under development for some time and we are very much looking forward to working with Houston Offshore Engineering and Williams to play…

View original post 84 more words

%d bloggers like this: