Aquadrill clinches drillship charter in Indonesia

Aquadrill and rig manager Vantage Drilling have agreed a new drillship charter deal with Premier Oil in Indonesia. 

The 2008-built managed pressure drilling (MPD) equipped Capella has been fixed for four wells from early May 2023 through to mid-April 2024, plus two priced and three mutually agreed optional wells.

The rig started its campaign in Indonesia in Q2 2022 after relocation from Malaysia, working for Premier Oil and Repsol. The new firm deal is estimated to be worth $138m. Aquadrill said the two priced options, if exercised, would add an additional $56m to the contract and keep the rig busy until early September 2024. 

The London-headquartered rig owner currently has a fleet of eight drilling units, including four drillships, one semisubmersible rig and three tender rigs.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.

Leave a Reply

Your email address will not be published.

Back to top button