Contract offshore drilling rigs

Adnoc Drilling wins $1.15bn offshore contract for AI

Adnoc Drilling, the Middle East''s largest drilling company, was awarded a $1.15 billion contract for two jack-up rigs by Adnoc Offshore as the

RIG, VAL, and SDRL: 3 Offshore Drilling Stocks Set to

Transocean Ltd NYSE: RIG provides offshore contract drilling services for the oil and gas industry. They have a fleet of 34 mobile offshore

RIG, VAL, and SDRL: 3 Offshore Drilling Stocks Set to Surge

Transocean Ltd NYSE: RIG provides offshore contract drilling services for the oil and gas industry. They have a fleet of 34 mobile offshore drilling units, which consist of 26

Adnoc Drilling Inks $1.15 Billion Contract for Two Jack-up Rigs

ADNOC Drilling has been awarded a $1.15 billion, 15-year contract by ADNOC Offshore to operate two of its newest and most advanced jack-up rigs, extending the

Report: Floating rig contract market has slowed

By Bruce Beaubouef, Managing Editor The floating rig contract market has slowed and is expected to remain muted through the end of the

Offshore Energy Data Dashboard 2024

Offshore Energy Data Dashboard Each month Westwood''s Offshore and New Energies teams provide a global data update on oil and gas-related engineering, procurement

ADNOC Drilling inks $1.5B contract for two jackup rigs

ADNOC Drilling Co. has been awarded a $1.15 billion, 15-year contract for two jackup rigs by ADNOC Offshore. The contract will follow

Offshore rig contracts getting longer as market tightens

Offshore staff LONDON — Westwood Global Energy Group expects longer durations for offshore drilling rigs over the next year as rig

Offshore drilling agreements

Operators contract a mobile offshore drilling unit (MODU) for a specific well or drilling program, or for a specific period of time (a ''term'' contract). The relationship between

Offshore drilling roundup: Saipem rig contract

Offshore drilling rig roundup: Aker BP extends Saipem contract, Valaris trims fleet, Noble/Kongsberg enter partnership The following

Offshore Drilling Rigs Seeing Longer Contracts

The increasing utilization of offshore drilling rigs is causing a decrease in availability and longer contract awards and tender opportunities, according to Westwood

Offshore rig roundup: Transocean gets contract extensions,

In this week''s news roundup, Offshore covers the latest rig contracts and newbuild projects of the offshore drilling sector.

Transocean Ltd. Provides Quarterly Fleet Status Report

Transocean Ltd. Provides Quarterly Fleet Status Report STEINHAUSEN, Switzerland—April 16, 2025—Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that

Noble Corp. Wins Contracts for Six Offshore Drilling Rigs

Offshore drilling contractor Noble Corp. on Tuesday released a fleet status report, according to which the company has secured contracts for six offshore drilling rigs since its

Offshore Energy Data Dashboard

Offshore Energy Data Dashboard Each month Westwood''s Offshore and New Energies teams provide a global data update on oil and gas-related engineering, procurement

Offshore Contract Drilling Analysis 2025-2033: Unlocking

The offshore contract drilling market, encompassing the provision of drilling rigs and services for offshore oil and gas exploration and production, is a dynamic sector

Offshore rig demand surges, yet new orders remain

By Angel Gutierrez, S&P Global Over the last three years, the offshore rig market has been experiencing intense demand signals, reminiscent of past booms;

Post-downturn offshore upcycle shows stability

2024 Features Global and Regional Markets November/December The Offshore Frontier Post-downturn offshore upcycle shows stability heading

What is an Offshore Drilling Contract? (Key Terms + Sample)

Parties involved in an offshore drilling contract typically include the driller, the operator, and the owner of the rig. Certain terms and conditions must be met in order for a contract to be valid,

Drilling Contracts – Avoiding Misunderstanding

Drilling contracts are at the core of upstream operational agreements. They come in many forms and are negotiated to varying degrees depending on the value of the contract,

RigLogix Offshore Rig Data | Westwood Global

Get detailed commercial insight on rig contracts and use unique forecasting tools to see a forward view of activity. The RigLogix home page shows a wealth of

Chevron lengthens Shelf rig contracts offshore Thailand

Chevron has awarded Shelf Drilling two-year contract extensions for the Shelf Drilling Chaophraya and Shelf Drilling Krathong jackups offshore Thailand. The combined

Model Contracts

Model Contracts adopted by the IADC are available to any person. However, these forms were intended to be used by those in the oil and gas industry and that are familiar with their use.

IADC Model Contracts Now Available Online for Free

For the first time ever, IADC is now offering its model contracts as a free download from a new section of the website. We''re always looking for

What is Drilling Contract | Types & Components

A drilling contract is an agreement about well drilling operations between the contractor and the oilfield owner. This binding contract optimizes the rights

ADNOC Drilling secures $806 million contract for three new island rigs

ADNOC Drilling announced today that it has been awarded a contract for three island rigs by ADNOC Offshore for an estimated total contract value of $806 million1 to support

ADNOC Drilling wins contract for two jack-up rigs

ADNOC Drilling has announced the award of a $1.15 billion, 15-year contract for two jack-up rigs by ADNOC Offshore in support of its growing offshore operations.

Offshore Drilling News

Offshore drilling contractor Borr Drilling has secured new contract commitments for two of its premium jack-up rigs and confirmed the start of operations for one of its rigs offshore

Drilling Contract Form | PDF | Drilling Rig | Insurance

Drilling Contract Form - Free download as Word Doc (.doc), PDF File (.pdf), Text File (.txt) or read online for free. This document provides instructions for

Borr Drilling Scoops $43M in New Jack-Up Rigs Deals

Offshore drilling contractor Borr Drilling has secured new contract commitments for two of its premium jack-up rigs and confirmed the start of operations for one of its rigs offshore

Contract offshore drilling rigs [PDF]

6 FAQs about [Contract offshore drilling rigs]

Who is involved in an offshore drilling contract?

Parties involved in an offshore drilling contract typically include the driller, the operator, and the owner of the rig. Certain terms and conditions must be met in order for a contract to be valid, and disputes often arise over issues such as damages and breach of contract.

What makes a good offshore drilling contract?

Certain terms and conditions must be met in order for a contract to be valid, and disputes often arise over issues such as damages and breach of contract. A well-drafted offshore drilling contract can help avoid potential problems and protect the interests of all parties involved.

How many offshore drilling rigs does Noble Corp have?

New York and Copenhagen-listed Offshore drilling contractor Noble Corp. released a fleet status report, according to which the company has secured contracts for six offshore drilling rigs since its previous fleet report issued on August 2, 2023.

Can a contractor commit a rig to a third party?

During the Primary Term and any Extension Terms, Contractor shall not contractually commit the Rig to any other party while this Drilling Contract is in effect unless the relevant time period for Operator to exercise its respective options pursuant to this Section 2.6 has expired.

Who is responsible for drilling a rig?

The drilling of each well shall be commenced without delay (unless such delay is ordered by Operator) after operations are completed at the previous well, if any. Contractor shall be responsible for the operation of the Rig, including moving operations and positioning on drilling locations as required by Operator.

Do oilfield onshore and offshore drilling companies knot long-term contracts?

However, most oilfield onshore and offshore drilling companies tend to knot long-term contracts for their multiple well drilling projects. In the oil and gas industry, contract drafting plays a significant role in managing operational drilling efficiency.