ASIA PACIFIC

OFFSHORE REPORT
Issue219
End-August 2022

Westwood
rgy Global Energy
Group
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Editorial
Rig dayrates in the APAC region continue to steadily rise. A recent example is Borr Drilling’s recent
announcement of the extension of jackup Idun under a blend and extend deal at a reported average rate of
US$105,000. This represents a US$26,000 increase over the rig’s existing US $79,000 rate. The estimated
six-month program is due to commence in May 2023. We expect this dayrate trend to continue in the
near term as a shortage of jackups in the region is taking place, brought on primarily by the movement
of units to the Middle East, although. ONGC’s recent tender for 12 jackups will likely add to the crunch.
Malaysia looks to be busy next year as Petronas Carigali, SapuraOMV, Vestigo, Hibiscus, PTTEP,
Enquest, Petrofac, and Shell Sarawak all have drilling programs starting in 2023. The elusive jackup
from China, Explorer-1 that was rumoured to be coming to Malaysia, has still not shown up. The approval
of the sale of the Icon Caren to ADES will remove a high-specification operating rig from the gradually
tightening market for jackups.

Inflation has been blamed for the delay in Santos Australia’s long anticipated Dorado development project.
The uncertainty of what the costs are going to be, especially in a country with strong unions, has forced
the brakes to be applied. Supply chain issues have also been blamed. The Final Investment Decision (FID)
will not be made in 2022 as planned and is more likely to occur in 2023.

Petronas Carigali is facing the same dilemma with its Limbayong project which has for now been
cancelled. Escalating cost for the Floating Production Storage Offloading (FPSO) vessel is said to have
been the main cause, combined with the higher dayrates sought by rig owners for their ultra-deepwater
drillships. If “inflationary costs” are not addressed, the region may see more projects delayed. The premise
behind the dilemma it is quite simple. How do you budget for something that you have no idea what the
price is going to be? The solution however is not that simple. It is in some ways ironic as oil companies are
now facing the same situation that is reported in the daily news affecting the “man in the street.” It will be
interesting to see how they deal with it.

At the recent bid opening for Petrobras for floating rigs under both 8,000ft and 10,000ft categories, a
few drilling contractors submitted bids with dayrates of over US$450,000. This should provide enough
hard evidence of drilling contractors expectations in what can only be described as very bullish market.
Healthy energy prices, the limited supply of rigs, and the demand for energy are all coming together to
create the situation. Global drillship utilization (committed) for the marketed fleet stands at 93.8% and
81.9% for semisubs, respectively. Surely operators in the APAC region must realize the current state of
the market and the urgency to secure deepwater floaters for their programs.

OPEC+ has hinted that it may decrease oil supply by cutting production, after the organization missed
its production targets in June and July, and only promised a small hike of 100,000 barrels per day in
September. It appears to be a sign that the cartel is running out of capacity to bring more oil to the market.
Brent Crude jumped back about US$100 a barrel as soon as the market received signals that production
may be cut.

Recent happenings in the Asia-Pacific region involving Taiwan are beginning to unsettle countries in the
region. Increased visits by American politicians to the island republic are provoking China and if this
continues, may lead to further instability in an already fragile region just recovering from the effects
of the coronavirus. We hope that all parties exercise restraint to avoid another Ukraine type situation,
which has passed the six-month mark and not appears to not have an end in sight.

And finally, based on EnergyPoint Research’s 2022 customer satisfaction survey covering offshore
drilling contractors, Valaris has been rated the No.1 offshore driller. This annual benchmark survey is the
industry standard for independent customer satisfaction ratings and rankings of global contractors.

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This month’s idle list looks like this so far (i.e. no forward commitment, not including cold stacked)
Jackups Floaters
• Gyme • Raisis
• Hild • Dhirubhai Deepwater KG2
• Rani Woro • Ocean Onyx
• Shelf Drilling Scepter • Deepwater Nautilus

Rig Look Ahead for 2022

Operator Rig Remarks
Petronas Carigali Naga 6 Starting in September
PTTEP Myanmar Shen Lan Tan Suo Starting In September
PTTEP Thailand Rig #3 Sapura T-11 Starting in September
Hoang Long JOC Naga 3 Starting in September
PTTEP Sarawak ICON Caren Starting in September
Pertamina Hulu Kalimantan Timur SinoOcean Harvest Starting in September
TotalEnergies Malaysia Maersk Viking Starting in September
Pertamina Hulu Mahakam JU TBN Starting in Q3
Petronas Carigali Malaysia Hakuryu-5 Starting in October
Eni Australia Valaris 107 Starting in October
Brunei Shell Petroleum Saga Starting in October
HESS Malaysia Naga 6 Starting in October
Petronas Carigali Malaysia Maersk Viking Starting in Q4
PTTEP HKO Floater TBN Starting in Q4
PetroVietnam (PVEP) JU TBN Starting in November
PTTEP Thailand Rig # 2 Sapura T-12 Starting in November
ROC Oil Malaysia Naga 2 Starting in November
PTTEP Myanmar Guo Hai Tai He (ex Edrill 3) Starting in Q4
ENI Indonesia Floater TBN Starting in Q4
Beach Energy JU TBN Starting in Q4
Mubadala Thailand Mist Starting in January 2023
GB Resources Valaris 107 Starting in Q1 2023
Saka Energi Indonesia JU TBN Starting in Q1 2023
PTTEP Thailand Rig #9 JU or Tender-Assist TBN Starting in April 2023
Brunei Shell Petroleum Valaris 115 Starting in April 2023
Pertamina Hulu ONWJ JU TBN Starting in April 2023
Valeura Thailand JU TBN Starting in May 2023

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Summary of Events
Below are some of the highlights since our last edition:
ADNOC Drilling to have 28 operational jackups by the end of 2023.

Sapura Energy delivers first of three tender-assist rigs to PTTEP Thailand and also scraps three
tender-assist rigs.

Dorado Development program delayed due to inflation.

Icon Offshore approves sale of ICON Caren to ADES.

Rigs on the Move

Japan Drilling midwater semi Hakuryu-5 is presently being towed to Labuan, Malaysia from Japan
by the multi-purpose offshore vessel POSH Teal. The rig had been working for Inpex and drilled
one well that between May and late August. The rig is reported to have left Japan around 27 August
and is presently expected to arrive in Labuan around the middle of September. It has been hired
by Petronas Carigali (PSCB) for a four-well plus six-options contract, that according to sources
will start in October. It will be undergoing some maintenance and contract preparation prior to
mobilizing to the first location. All the wells are said to be offshore Sarawak, East Malaysia.

China Oilfield Services Ltd. (COSL) managed jackup SinoOcean Harvest will be loaded onto heavy lift
vessel (HLV) GPO Amethyst within the next few days and transported to East Kalimantan, Indonesia.
The HLV is presently anchored off Shanghai. The rig has a one-year contract with Pertamina Hulu
Kalimantan Timur (PHKT) that is expected to commence during the second half of September.
This is the maiden contract for the Friede & Goldman JU-2000E design rig. It was initially ordered by
CSSC Leasing in November 2013 and was originally scheduled for delivery in 2016.

Regional Floater Rig Fixtures / Extensions

AUSTRALIA Diamond Offshore reports that it has received three new contracts for deepwater
semi Ocean Apex, all offshore Australia. Firstly, Chevron will take the rig for a 75-day well off the
Northwest Shelf starting in June 2023. Work will start in direct continuation of the rig’s charter
with Woodside Energy.

After Chevron, the rig will go to an unnamed operator for another 75-day contract. While Diamond
did not name the customer, it is believed that this will also be for Chevron as the operator has a
one-well option on its contract. This work will begin in August 2023 and should keep the rig busy
until November of next year.

Diamond also reports it has a pending contract for the rig that would start in November 2023. No

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details are known, but should that contract be finalized, Diamond says the semi would be working
for the remainder of 2023.

Finally, the rig will go to Santos for a 150-day program starting in 2024. The start date has not
been announced, but the drilling contractor says the rig will not be available until “late 2024”, which
suggests the contract start will not be until June or July of that year.

It should be noted that the Ocean Apex is heavily favoured to secure the Inpex Australia two-well
drilling campaign consisting of the Basset Deep-1 well located in WA 343-P and the Holonema-1
well. Total duration is believed to be for about five months. The tender for this work closed in
January. Drilling is anticipated to take place between Q4 2023 and Q2 2024, which would fill in the
idle gap prior to the rig contract for Santos.

Regional Jackup Rig Fixtures / Extensions

MALAYSIA Petronas Carigali (PCSB) has exercised its options with Borr Drilling for jackup
Idun offshore Peninsular Malaysia. The parties have agreed to a “blend and extend” agreement for
three wells, which was originally based on an estimated 75 day duration at a fixed option price as
part of the original contract. The new extension is for a period of 180 days. A figure of US$125,000
is being used as the new industry leading edge dayrate, with the two companies settling on an
average of US$105,000. This extension will keep the premium jackup drilling rig busy with PCSB
through September 2023.

New Surveys / EOI’s / Pre-Quals

THAILAND Medco Thailand issued an Expression of Interest (EOI) for a jackup to undertake
a three well drilling campaign between Q2-Q3 2023. The duration of the infill drilling program
is 60 days. The area of operations in in Block B8/38 in the Bualuang Field in the Gulf of Thailand
in a water depth of around 197ft (60m). The EOI closed on 05 August. The operator recently
completed a similar campaign with Vantage Drilling jackup Soehanah.

VIETNAM Industry sources advise that Pharos Energy issued an Expression of Interest (EOI)
for either a dynamically positioned drillship or semisub for its single-well exploration program
that is slated to start in Q3 2023. The location is in Block 125, offshore Vietnam and is in a water
depth of 6,234ft. (1,900m). The duration of the well is anticipated to be between 30 and 45 days.
Final 3D seismic processed results were expected to be ready by July. The operator will now
proceed with seismic mapping to identify prospects and expects to seek a funding partner before
drilling. Pharos Energy was previously known as SOCO Petroleum.

MALAYSIA Petronas Carigali Sdn. Bhd. (PCSB) has issued a market survey for a jackup to
be used in Malaysian waters between 2023 and 2024. The operator has three different options
(durations are approximate) in regard to drilling campaign duration; Option 1: 7 wells (202-
248 days), Option 2: 3 wells (167-176 days), Option 3: 10 wells (369-424 days). The possible
commencement windows are October 2023, March 2024 and May 2024.

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PCSB requires a jackup that can operate in a water depth of 230ft (70m), with a useable leg length
of 430ft. The cantilever reach must be 70ft. and the derrick capacity should be 1.5 million lbs. It
should have a minimum of two cranes, drilling depth capability of 20,000ft and able to operate
with a bottom-hole temperature of 270 deg F. The top drive must deliver a minimum continuous
torque of 40,000ft/lbs at 120rpm with rated working pressure of 5000psi. Submissions are to be
made by 01 September.

MALAYSIA Shell Sarawak Berhad (SSB) has issued a market survey for a 400ft jackup. There
are two program options under consideration by the operator: Option 1 is for 19 firm wells plus
seven options commencing between 01 June and 31 July 2023. The duration of the firm period
is approximately 25 months. Option 2 is for nine firm wells plus seven options commencing
between 01 April and 31 May 2024, with an estimated duration of 13 months for the firm period.
Mobilization port is Labuan.

Brief technical requirements are that the hookload capacity of the derrick must be 1.5 million
lbs. The rig should be able to drill to a depth of 15,000ft. and a have a mud system rated for
7,500psi. Accommodation space for 150 is needed and the rig must have off-line handling
capability, including the ability to handle 6-5/8” drill pipe. A 15K BOP is required as one of the
wells is HPHT. Bidders are to confirm their interest or otherwise by 29 August. Full responses
that include budgetary indications must be sent in no later than 01 September.

VIETNAM Eni Vietnam issued a market survey for a DP3 floating rig earlier this month. The
commencement is said to be around Q2 2023. The drilling program could either be a one firm
well plus one option, or a one firm well plus two options, in which case one of the options could
be for another operator. Each well has an estimated duration of 60 days. The rig should not have
been stacked for more than 12 months prior to the commencement. Other requirements include
four mud pumps rated to a working pressure of 7,500psi. The rig should have accommodation
space for 50 additional persons above the rig crew. Water depth at the location in Block 115 is
said to be about 2,953ft (900m). The market survey closed on 17 August.

Other Tender/Survey News

INDIA ONGC has cancelled its tender for a deepwater floater capable of working in up to 9,843ft
(3,000m) of water. This duration of this contract was noted to be for a period of 21 months plus
options in the Cauvery Mahanadi Basin starting in March 2023. It is unclear why the tender was
cancelled, but market speculation is that the rates proposed were too high and beyond ONGC’s
expectations. A new tender is expected to be issued within the next few months.

Shipyard News
Petrobras has announced it has awarded Keppel O&M an engineering, procurement and
construction (EPC) contract for the topside modules for the P-80 floating production, storage
and offloading unit (FPSO) to be deployed in its Buzios field offshore Brazil. The deal is valued at
approximately US$2.9 billion and is the second FPSO that Keppel will be building for the field. The
P-80 will also incorporate carbon capture and reinjection, as well as energy recovery capabilities.

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Fabrication will be spread across Keppel’s facilities in Singapore, China and Brazil, with the
integration and commissioning works to be completed in Singapore. CIMC Raffles will carry out
the construction of the hull and accommodation in China. Keppel stated it will undertake the final
phase of offshore commissioning works when the FPSO arrives at the Buzios field. Petrobras
stated that first production from the P-80 is planned for 2026.

Rig Sales & Cold Stacking

Aban Offshore reports that the sale of jackup Deep Driller 2 to Advanced Energy Systems (ADES)
was completed on 24 August. The rig, which will be renamed Admarine 693, was the last of four
purchased by ADES for US$106 million. The deal, which also included the Deep Driller 4, Deep
Driller 5 and Deep Driller 6, was originally done in April and was supposed to close by 31 May. The
Deep Driller 2 is currently undergoing reactivation and upgrades and will begin a five-year plus
two-year option contract for Saudi Aramco starting late this year or in early 2023.

ADNOC Drilling has completed the purchase of Selective Marine Services-managed jackups SMS
Faith and SMS Mariam in the UAE. Purchase price was US$100 million each. The rigs are owned
by Well Target Six Ltd and Well Target Five Ltd, respectively and both are currently working for
ADNOC Offshore. The contracts, however, are ending shortly, after which they will join ADNOC’s
fleet and begin new long-term programs for ADNOC Offshore. Both units were originally ordered
by Bestford Capital in January 2013. The rigs are the Gusto MSC CJ46-X100D design and rated to
work in up to 350ft of water. They were both delivered in December 2018.

Icon Offshore has announced the planned disposal of the jackup ICON Caren . The buyer is
Advanced Energy Systems’ subsidiary ADES Arabia Limited (or any of its assignees). The purchase
price is US$85 million in an all-cash transaction. Subject to customary approvals, it is expected to
be concluded in Q4. The rig, which will be sold under the previous name of Perisai Pacific 101,
was purchased by Icon Offshore from Perisai Petroleum in February 2021 for US$44.145 million.
The unit is a Pacific Class Baker Marine 400 class design, built in 2014. It is presently working for
ConocoPhillips Malaysia offshore Sarawak and is expected to demobilize to Labuan during the
first half of September. The jackup will ultimately end up under working for Saudi Aramco under
a multi-year contract next year.

Scrapping
As previously reported in late April, Sapura Energy has now announced that it now has an agreement
in place with NKD Maritime to sell for scrap tender-assist rigs Sapura T-19, Sapura T-20, and
Sapura Setia. Total cash price for all three is US$8.2 million. However, based on a reported agreed
market steel price of US$300 per ton provided that the Setia was valued at US$3.1 million while
the T-19 and T-20 were valued at US$2.3 million and US$2.8 million, respectively. The T-19 and
T-20 are barge type hulls, while the Sapura Setia is a semi tender. The Sapura Setia last worked in
West Africa for Cabinda Gulf and has been idle since 2016, but it is now cold stacked in Singapore.
The T-19 and T-20 are both stacked at the Bintan Offshore Marine Yard in Indonesia. Neither have
not worked for at least five years.

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Drilling Contractor News

Jackup PV Drilling II commenced operations for Harbour Energy, Indonesia on 01 August after
a short tow from Vietnam. The rig is drilling at the Gajah Batu wellhead platform (WHP) in Block A
of the Natuna Sea. It has been contracted for a two-well program with an estimated duration of 95
days. The unit is currently expected to be available in November. The contractor is marketing the
rig actively beyond that.

Midwater semi Essar Wildcat is expected to complete the first well (NSO-R2) for Pertamina
Hulu Energi North Sumatera (PHE NSO) around the end of August. The rig commenced
operations around the middle of June after a delay of almost 18 months. Based on the tender
award, the rig should be drilling three subsea exploration wells with an estimated duration of 200-
265 days including testing. The area of operations is in the Pertamina Hulu Rokan Zona 1 Field
in the North Sumatra Offshore (NSO) block offshore Aceh. The wells are located about 71.5 miles
(115km) offshore Sumatera. Water depths in the area range between 264-492ft (80-150m). The
work should keep the rig busy into Q1 2023.

Vantage Drilling jackup Soehanah commenced drilling operations with Medco Energi Indonesia
on 10 August. The rig is drilling at the Malong platform in the Natuna Sea Block B on a development
program that will see it occupied through Q2 2023.

Vantage Drilling is also reportedly in negotiations for a four-well contract in Indonesia for ultra-
deepwater drillship Capella commencing in Q2 2023. Reports received say that Harbour Energy
plans to drill two wells followed by single wells for both Eni and Mubadala Petroleum. The area of
operations is offshore Aceh, in the Andaman Sea where the rig is currently operating. It falls under
the Gross Split regime, which allows for operators to bypass the lengthy tendering system for areas
that fall under the Cost Recovery scheme. The current Rencong-1X well for Repsol is expected
to be completed during the first half of September. Currently, the Capella has no immediate work
after the Repsol contract and may have a potential gap.

COSL-managed midwater semisub Shen Lan Tan Suo is expected to now be ready to leave Keppel
Shipyard in Singapore in early September. The rig has an eight-well plus five options drilling
campaign for PTTEP Myanmar that was originally supposed to commence in June. The unit will
be deployed in the Zawtika field and will be used for the Phase 2 drilling program. The firm period
is to last around 280 days, which should keep the unit busy into Q2 2023.

Velesto Energy jackup Naga 4 is now scheduled to complete its current seven-well contract with
Shell Sarawak in the first half of January 2023. It is then understood the rig will go to Singapore to
undergo upgrades and its five-year SPS. That work is expected to last through April, and it is believed
the rig will go to Petronas Carigali thereafter for work that will last the remainder of 2023.

Velesto Energy has also reported that upgrade work at Keppel FELS in Singapore on jackup Naga
6 has been completed. The rig entered the yard in May to undergo an offline capability upgrade,

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similar to work performed on the company’s Naga 5 jackup. That rig began a contract with PTTEP
Malaysia in July. It is scheduled to be deployed to Hess Malaysia, post the current Paprika-1 well.

The Naga 6 completed an inspection by Petronas Carigali (PSCB) in late August prior to moving
out for its first job after completion of its upgrades. The work with PCSB is rumoured to be for a 4-6
well drilling program offshore Sarawak that should keep the rig busy until Q1 2023. Sail out from
Singapore is expected to take place in early September. Both rigs are working under an umbrella
agreement signed with PCSB in March. The jackups will work on a call-out basis until June 2024.

Maersk Drilling reports that jackup Maersk Convincer will now not complete work for Brunei Shell
Petroleum (BSP) until around mid-September. It had been thought the contract would wrap up
at the end of August. As previously reported, Advanced Energy Systems (ADES) purchased the rig
from Maersk for US$42.5 million and will take delivery of it upon conclusion of the Shell contract.
It will then be renamed Admarine 691 and mobilized to Saudi Arabia for a five-year plus options
contract for Saudi Aramco. The rig has been working for BSP since September 2017 when it took
over the contract from sister rig Maersk Completer.

Japan Drilling long legged jackup Hakuryu-11 arrived from Vietnam at Medco Energi’s first
location at the Kerisi platform in Block B, of the Natuna Sea, Indonesia on 19 August. Drilling
operations have commenced, and the rig is expected to drill a minimum of four wells that should
keep the rig occupied into the second half of January 2023.

Transocean ultra-deepwater semi-Deepwater Nautilus has completed drilling in Block SK 320

offshore Sarawak for Mubadala Petroleum. It arrived in Labuan on 11 August and is presently
warm stacked. Transocean says the rig is being actively marketed.

Jackup rig PV Drilling VI is scheduled to complete its contract with VietSovPetro (VSP) on or
about 01 September. The one-well program commenced on 09 June. Upon completion, the rig
will be mobilized to the Chin Sao Field for a 3-4 month program with Premier Oil Vietnam. It is
presently available thereafter and is being actively marketed in the region.

Borr Drilling and Sembcorp Marine has reached agreement that allows the rig owner two more
years, from 2023 to 2025, to make payment for its acquired jackups. The agreement is with
Sembcorp wholly owned subsidiary PPL Shipyard where the rigs were built. The announcement
follows Borr’s 28 July announcement that it had reached agreements in principle with its creditors
to extend all secured debt to 2025. PPL and Borr say they expect to execute final documentation
as soon as is practical.

Borr bought nine jackups from PPL in October 2017 for US $1.3 billion, making a US$500 million
down payment. The remaining balance was to have been paid within five years of the respective

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delivery dates of the rigs, and Borr was to pay interest at market rates for the time between the
various delivery dates and full payment of the balance. The balance amount was scheduled to
mature on 01 May 2023, plus a majority of the interest payable was capitalized and due in the first
quarter of next year.

Sapura Energy tender-assist barge Sapura T-10 has arrived at its first location for PTTEP in the
Gulf of Thailand. The rig is on a five-year contract that was secured via a tender designated as Rig
#7. The unit had been stacked in Labuan since 2020 prior to mobilizing to Thailand and it is now
occupied until August 2027. The next two units, Sapura T-11 and Sapura T-12 are to be delivered
to PTTEP on 15 September and 15 November, respectively. Both have five-year contracts as well.

According to industry sources, the departure of jackups Admarine 687 (ex-Deep Driller 4) and
Admarine 689 ex-Deep Driller 5 from Singapore to the Middle East has been delayed. The move
was scheduled to commence in August, but now has been postponed by a few months. Both rigs
were purchased from Aban Offshore by Advanced Energy Systems (ADES). They have been stacked
in Singapore since December 2020 (Admarine 689) and May 2021 (Admarine 687), respectively.
Both rigs will be going to work for Saudi Aramco.

Offshore Contractor News

PTTEP selected front-end engineering and design (FEED) contractors for its Lang Lebah
development offshore East Malaysia. Sources state that the consortium Ranhill Worley, comprising
Ranhill Utilities and Worley, was awarded the offshore FEED contract, whilst Ranhill Worley was
awarded the FEED for the carbon capture and storage (CCS) work scope.

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Operator News
The Australian National Offshore Petroleum Safety & Environmental Management Authority
(NOPSEMA) confirms that it is evaluating the environmental plan (EP) that Shell submitted in late
July for the Crux development drilling campaign. As previously reported by RigLogix, the operator
plans to use deepwater semi Valaris MS-1 for the drilling of the five development wells starting in
Q4 2023. On completion, the wells will be temporarily suspended and subsequent well completion
activities will be performed following installation of the Crux platform topsides, which are being
built by Singapore’s Sembcorp Marine.

The Crux development is located on Production Licence AC/L10 in Commonwealth waters in the
northern Browse Basin, 118 miles(190km) offshore northwest Australia and 385 miles (620km)
northeast of Broome, Western Australia. Water depth at the field is about 541ft (165m).

India’s Oil and Natural Gas Corporation (ONGC) has signed a Heads of Agreement (HoA)
with ExxonMobil for exploration in the deepwater areas off the country’s east and west coasts.
The companies will focus specifically in the Krishna Godavari and Cauvery Basins in the eastern
offshore and the Kutch-Mumbai region off the west coast. While the companies will collaborate,
ONGC did not elaborate on the nature of the partnership or whether ExxonMobil will purchase
interest in any specific licenses.

Santos and Carnarvon Energy, which are partners at the Dorado field, confirmed that they will
delay the development of the project offshore Western Australia, due to rising costs and supply chain
uncertainties. Santos in its half-year results on 18 August said an “inflationary cost environment
and supply chain uncertainty does not support FID in 2022”. The front-end engineering and design
work for the two main production facilities; the floating production, storage and offloading vessel
and the wellhead platform, is substantially complete and the project is close to being ready for
the final investment decision. Kevin Gallagher, Santos’ chief executive, said in an earnings call “I
don’t want to give the impression Santos is down on Dorado. Yes, it’s been deferred, and yes it
needs more work to be done, but this is an excellent project, and it will have its time, just not now”.
Santos has a tender out for the provision of a jackup to drill 16 development wells (around 600
days) starting in Q2-Q4 2024, but it is not clear if or by how long the FID delay will impact the
timing of that drilling.

Partners Santos and Carnarvon Energy have stated that following making a discovery at the
Pavo well offshore Australia in the Bedout Basin, the partners plan to undertake further drilling.
Pre-development work has commenced, with a Discovery Assessment report being filed with the
regulator while studies are being undertaken for development of this resource. The well, referred
to as Pavo North, discovered 43 million barrels (2C, gross) of oil as a Contingent Resource. The well
is intended to be tied back to the Dorado FPSO.

The studies being undertaken are to ensure the current Dorado FPSO design is capable of receiving
the Pavo fluids with minimal requirement for further enhancements during tie back operations.
The Pavo South structure is estimated to contain an additional resource of 55 million barrels of
oil (Pmean, gross), and has the potential to generate significant further value. The joint venture is
assessing options to drill this prospect as soon as possible. The Pavo-1 well was drilled using the
jackup Noble Tom Prosser.

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Santos has filed an Environmental Plan (EP) with Australian energy regulator National Offshore
Petroleum Safety & Environmental Management Authority (NOPSEMA) for the plug and
abandonment (P&A) of 12 wells its Mutineer, Exeter, Fletcher and Finucane fields, in permits WA-
54-L, WA-26-L and WA-27-L, respectively. Water depths in the fields range from 427-525ft (130-
160m). Santos says that the P&A campaign will be conducted using either a moored semi or a
dynamically positioned (DP) light weight intervention vessel (LWIV). Work is scheduled to begin in
Q1/Q2 2024 and will take around 230 days.

UK based Pharos Energy has provided the following update concerning the upcoming drilling
plans in Block16-1 in the Te Giac Trang (TGT) field. A Letter of Award (LOA) has been signed with
Velesto Energy for jackup Naga 3. As of late July, rig contract negotiations were well advanced
with drilling due to commence in September. Two development wells are to be drilled in Block 16-1
and one development well in Block 9-2 CVN field. The operator is Hoang Long JOC (HLJOC)
and Pharos Energy is a partner in the respective blocks. The rig is presently offshore Johore
undergoing contract preparation. For now, it should be busy through the end of the year.

Pertamina Hulu Energi North Sumatra Offshore (PHENSO) has reported indications of
hydrocarbons at the R2 exploration well that is being drilled by midwater semi-Essar Wildcat.
The area is offshore Lhokseumawe, Nanggroe Aceh Darussalam Province. In a press release on
16 August, Indonesian upstream regulator SKK Migas, praised the discovery which shows
Pertamina’s commitment to carry out more massive and aggressive drilling activities, in addition
to showing a sustainable discovery of hydrocarbons in Indonesia. The rig is scheduled to move to
the second well in early September.

Canadian based Valeura Energy is in direct negotiations with one or two drilling contractors
based in Southeast Asia for the potential use of a jackup for its upcoming infill drilling program,
which has a tentative commencement of May 2023. The operator is presently focused on the
arrival of a Floating Storage and Offloading Vessel (FSO) later this year. Water depth in the field is
around 197ft (60m). The initial drilling campaign is said to be for about 120 days. Valeura acquired
89% of the ownership in Wassana and a 43% stake in Block G6/48 from KrisEnergy. The block
holds the undeveloped, but fully appraised Rossukon oil discovery.

Petronas is said to have begun inviting bids for its upstream assets in Africa, with reports suggesting
a price tag as high as US$3 billion. Offshore Angola, Petronas has a stake in the TotalEnergies-
operated Block 29 and is a partner with the same operator offshore Senegal in the Rufisque
Offshore Profond block. Offshore Gabon, Petronas operates the deepwater Meboun (F13) block,
and the company is also a partner in FAR Ltd’s acreage off The Gambia where two unsuccessful
deepwater wells have been drilled. Finally, Petronas serves as operator in the Chinguetti field
offshore Mauritania, which it purchased from Woodside Petroleum for US$418 million in 2007.

The Australian National Offshore Petroleum Safety & Environmental Management Authority

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(NOPSEMA) confirms that it is evaluating the environmental plan (EP) that Shell submitted in late
July for the Crux development drilling campaign. As noted in this report, the operator plans to use
deepwater semi Valaris MS-1 for the drilling of the five development wells starting in Q4 2023.
On completion, the wells will be temporarily suspended and subsequent well completion activities
will be performed following installation of the Crux platform topsides, which are being built by
Singapore’s Sembcorp Marine.

The Crux development is located on Production Licence AC/L10 in Commonwealth waters in

the northern Browse Basin, some 118 miles (190km) offshore northwest Australia and 385 miles
(620km) northeast of Broome, Western Australia. Water depth at the field is about 541ft (165m).

Santos has filed an Environmental Plan (EP) with Australian energy regulator National Offshore
Petroleum Safety & Environmental Management Authority (NOPSEMA) for the plug and
abandonment (P&A) of 12 wells its Mutineer, Exeter, Fletcher and Finucane fields, in permits WA-
54-L, WA-26-L and WA-27-L, respectively. Water depths in the fields range from 427-525ft (130-
160m). Santos says that the P&A campaign will be conducted using either a moored semi or a
dynamically positioned (DP) light weight intervention vessel (LWIV). Work is scheduled to begin in
Q1/Q2 2024 and will take around 230 days to complete.

Santos announced on 30 August that it has amended and extended its two syndicated bank loan
facilities totalling US$1.25 billion. The facilities comprise a US$250 million fully revolving loan
maturing in August 2025 and a US$1 billion fully revolving loan maturing in February 2028. The
loans bear a floating interest rate over the Secured Overnight Funding Rate (SOFR) with a margin
that references Santos’ external credit rating, currently 1.3% per year for the 3-year facility and
1.5% per year for the 5.5-year facility.

The company said that the facilities received strong support from its existing syndicated banking
relationships and proceeds will be used initially to refinance existing drawn bank loans maturing
in 2024 and 2026, and thereafter for general corporate purposes. Following refinancing of the
existing facilities, Santos will have no significant debt maturities until 2027, excluding PNG LNG
project finance which is serviced directly from project cash flows.

Santos Chief Financial Officer Anthea McKinnell said the syndicated facilities were consistent
with the company’s strategy of securing flexible and competitively priced funding. As the facilities
are fully revolving, it will provide the Australian energy company significant flexibility and lower
borrowing costs when not drawn.

Australian operator Cooper Energy has outlined some of its plans for the future, including an
exploration program in the Gippsland Basin which lies adjacent to the Manta Hub development.
The operator was granted 100% interest in exploration permit VIC-P-80 in April. The license sits
close to the Sole, Basker, Manta, and Gummy fields.

The main prospect is called Wobbegong, which lies in a water depth of about 262ft (80m). The
six-year work program for the permit involves licensing of processed Gippsland multi-client 3D

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seismic data & geo studies in primary term and an exploration well is due in year-5 by April 2027.
The interpretation of the Gippsland Basin northern flank 3D seismic is expected to start in Q1
2023, which could result in finding more potential targets.

Other planned work includes the deepening of the Manta-3 well which is in the 100% held VIC-
RL-12 permit. The other is the development of the well called Chimaera East. The Chimaera East
prospect is located 3km southeast along the same structural trend and updip from the Chimaera-1
exploration well that discovered gas in the Golden Beach GB6 reservoir.

The Otway Phase-3 Development (OP3D) project is expected to enter Front End Engineering and
Design (FEED) in Q1 2023. Drilling was targeted for the second half of this year but that has been
delayed due to the coronavirus. Subject to joint venture approval, a Final Investment Decision (FID)
is now targeted for Q3 2023, with first gas before winter 2025. This project involves development
of the Annie gas discovery in VIC-P-44 and the Henry-2 sidetrack well in VIC-L-30. Mitsui Oil is a
50% partner on both these wells. Both wells were originally drilled by Diamond Offshore ultra-
deepwater semi Ocean Monarch in 2019. The wells hit a gross 230ft (70m) column (Annie) and
net pay of 203ft (62m) (Henry) in Waarre-C primary target extending into VIC-P-76. This permit,
which is 100% operated by Cooper borders VIC-P-44.

The National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA)
has announced that Jadestone Energy has withdrawn the environmental plan (EP) entailing the
permanent abandonment of four wellheads at the Montara field offshore Australia. NOPSEMA
stated that no reason was provided for the withdrawal of the EP which was first submitted on 22
October 2021. In the EP, Jadestone stated that the Montara-1, 2 and 3 wells were confirmed to
be plugged and abandoned as per the NOPSEMA’s accepted Well Operations Management Plan
(WOMP). Meanwhile, Skua-1 was accepted as plugged and abandoned under the Petroleum
Submerged Lands Act (PLSA) by the Department of Mines. The withdrawn EP proposed to leave the
wellheads in situ in perpetuity, elaborating that no further operations, environmental monitoring,
inspections or maintenance were required.

Carnarvon Petroleum has been granted approval to relinquish its 100%-held WA-521-P permit,
located in the Rowley Sub-basin offshore Australia. The operator had been looking at the Labyrinth
prospect in the block, saying in early 2018 that it believed it held over 1.5 billion barrels of oil.
Carnarvon said at the time it would look for farm-in partners for drilling, but that exercise was
unsuccessful.

INPEX has reported that adding carbon capture and storage (CCS) at its Abadi project offshore
Indonesia will cost an additional US$1.3 billion. Regulator SKK Migas stated that the government
is open to discussing additional incentives with INPEX to improve the commerciality of the Abdi
project. With Shell seeking to divest its 35% interest, getting a new development plan incorporating
CCS approved by the government could be key in attracting a buyer. Industry sources have reported
that Indonesia Investment Authority (INA) is another potential buyer of Shell’s interest in the
Abadi field. INPEX has confirmed it is continuing negotiations with the Indonesian government
and concerned parties for further revision of the plan of development. Westwood anticipates a
final investment decision (FID) in 2027.

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China oil and gas giant CNOOC Limited has been for the last six months ramping up its hydrocarbon
production and as a result, its oil and gas output reached record-high levels while several new
discoveries were announced in this period. These efforts, combined with high energy prices, have
resulted in the firm doubling its net profit.

The increase in production is in line with CNOOC’s 2022 Business Strategy and Development Plan,
which was revealed in January. This roadmap outlines plans to scale up oil and gas production in the
next three years while advocating green energy transition initiatives. On 25 August, the operator
disclosed its interim results for the six months ended on 30 June 2022, revealing that the increase
in oil and gas production led to net production hitting a record high in the period, reaching 304.8
million boe, a year-on-year increase of 9.6%.

CNOOC confirmed that new projects such as Weizhou 12-8E oilfield development project and
Liza Phase II in Guyana were commissioned during the first half of 2022, while other projects under
construction, namely Enping, Lufeng and Kenli, have progressed steadily.

In the first half of 2022, the operator’s focus on hydrocarbon exploration and development paid
off when it made two “middle-to-large-sized” discoveries offshore China, namely Bozhong 26-6
and Bozhong 19-2. Overseas, five new discoveries were made in the Stabroek block in Guyana
where the firm holds a 25% interest. Two of these discoveries were reported in January, while the
remaining three were announced in April. The recoverable resources of the Stabroek block have
reached approximately 11 billion boe.

Oil and gas sales revenue reached around US$25.8 billion in the first half of the year, up by 75.6%
on a year-on-year basis. The net profit attributable to CNOOC’s equity shareholders reached
US$10.5 billion representing an increase of 115.7%. During this period, the company’s capital
expenditure amounted to approximately US$6 billion, an increase of 15.4% which will provide
strong support for future reserves and production growth.

CNOOC is actively working on exploring energy transition initiatives and low-carbon options. To
this end, the Chinese giant launched the country’s first offshore carbon capture and storage (CCS)
project in the South China Sea in August 2021. The company also inked a deal in late June 2022 to
evaluate offshore CCS/CCUS hub potential in China with ExxonMobil, Shell, and the Guangdong
Provincial Development & Reform Commission.

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Country File
AUSTRALIA The Australian government launched its 2022 offshore exploration licensing round
on 24 August. It also awarded the country’s first offshore blocks for potential greenhouse gas
storage. The petroleum licensing round comprises 17, 934 sq miles (46,758 sq km) of new acreage
available for exploration in 10 separate blocks in the proven Bonaparte, Browse, Carnarvon and
Gippsland basins. All 10 areas in the acreage release are available for work programme bidding
which will close on 02 March 2023.

The Bonaparte Basin hosts two blocks in the Malita Graben sub-basin and one in the Vulcan sub-
basin, while the Browse Basin hosts two permits in the Caswell sub-basin and one in the Barcoo
sub-basin.
The Carnarvon Basin contains two blocks in the Dampier sub-basin and one in the Exmouth Plateau,
and the Gippsland Basin hosts one area; a large gas field called Argus in the Caswell sub-basin, and
several small oil accumulations in the Dampier sub-basin.

Release areas in the Malita Graben and Barcoo sub-basins are underexplored, while the Gippsland
basin area offers untested targets in deeper sections of the Golden Beach sub-group. In addition, it
was announced the award of two offshore permits for potential carbon capture and storage (CCS).
A partnership of Inpex, Woodside Energy and TotalEnergies has secured area G-7-AP over
GHG21-1 in the Bonaparte Basin offshore northern Australia, while Woodside was awarded area
G-8-AP over GHG21-3 in the Browse Basin offshore Western Australia.

Offshore Marine News

Energy services provider PACC Offshore Services Holdings (POSH) has agreed to buy the 390.42ft
(119m) long, DP-3 offshore construction vessel BOA Deep C from Norway’s BOA OCV AS. The
vessel will be renamed POSH Deep C and will join the POSH fleet in October 2022. Singapore
based POSH, said the addition of the multipurpose Offshore Construction Vessel (OCV), built in
2003, is part of its strategy to increase its service offerings.

POSH Deep C is capable of executing the installation of deepwater floaters, such as FPSOs, mooring
installation and removal, installation of offshore floating wind structures and mooring systems,
and Subsea Umbilical, Riser, and Flowlines (SURF) installation works.

The vessel is fitted with a DP-3 system making it suitable for worldwide ultra-deepwater operations
It also has a Bollard Pull of up to 229 tonnes. The vessel has a 250-tonne Active Heave Compensated
crane and an accommodation of up to 100 persons.

On August 8, BOA OCV said that it had entered into an agreement with what was then an undisclosed
buyer to sell the subsea construction vessel BOA Deep C following the exercise of the Stock Accession
Option by Nordic Trustee AS on behalf of the Bondholders of BOA OCV AS on July 28.

Helix Robotics Solutions has won a contract with a local Thailand contractor to perform well

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abandonment and decommissioning services using the subsea construction vessel Grand Canyon
II.

The contract, which runs for 180-days plus-options, includes the provision of DP3 vessel services,
crane support and ROV services in connection with subsea well abandonment and decommissioning
operations in multiple Thailand offshore fields. Activities are scheduled to begin in late December.

The Grand Canyon II is a DP3 multi-role construction support vessel is equipped with a 250 MT
AHC subsea crane, moonpool, two 3,000m rated 250hp UHD ROVs, integrated ROV deck space
and removable bulwarks. The vessel has been under a long-term charter with Helix Energy since
2015 and a five-year charter extension that runs from January 2023 through the end of 2027 was
signed recently.

The unit will be upgraded and new battery hybrids will be installed to reduce fuel consumption
and emissions and to improve the environmental footprint of vessel operations. The vessel is now
working in Taiwan waters on offshore wind farm construction work.

Other News
Shell has deferred scheduled maintenance of its Prelude floating liquified natural gas (FLNG) unit
offshore Australia due to protracted industrial action on board the unit. Shell had planned major
shutdown maintenance on the facility to begin in September, but industry sources state that the
industrial action by the Australian Workers’ Union and Electrical Trades Union (ETU) members,
which is now in its third month, has now been extended to 01 September over a long- running pay
dispute. Shell’s ability to reschedule will depend on factors such as weather conditions, contractor
availability and when the industrial action eventually concludes.

The Offshore Alliance, which represents workers from the Australian Workers’ Union and the
Maritime Union of Australia, said on social media that it would extend industrial action for as long
as it took to reach a new enterprise bargaining agreement with Shell.

Regional News
Maersk Drilling reports that implementation of energy-efficient initiatives resulted in an overall
emissions intensity decrease in the first half of 2022 compared to the full year 2021 average.
Emissions per contracted day decreased by 4.6% mainly due to the successful rollout of an Energy
Efficiency Embedded (EEE) campaign on all the company’s floating rigs. The EEE also positively
impacted Emissions per drilled meter, which decreased by 4.9% in the first half of the year. Despite
reductions from the EEE initiatives, emissions per USD revenue increased by 6.4%, mainly due to
legacy contracts with higher day rates ending.

Three specific initiatives have been behind the project in the period. Firstly, Energy Efficiency Insight
(EEI) has included rolling out the EEI Advanced Analytics tool across 12 rigs so far. EEI “significantly
improves data collection and granularity which positively impacts the quality of emissions reporting

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and helps track and progress toward the overarching emissions reduction target.” Secondly, the
Energy Efficiency Embedded (EEE) campaign has been implemented across all deepwater floaters
with the aim of enabling energy-efficient operations. The campaign is driven by insights from EEI
data which facilitates crew-led behavioural changes. This initiative is currently being rolled out to
the jackup fleet as well. Lastly, the driller says that it has increased focus on customer engagement,
which has resulted in an extended and more detailed green offering, while continuously enabling
conversations on energy efficiency with the operator and harnessing customer support.

Huisman has revealed a new design for a “green” harsh environment semi drilling rig, which the
company says will reduce costs and emissions for offshore drilling operations. According to the
company, the robotic drilling system would require 40% fewer people on board, have a 25%
lower cost per well compared to conventional solutions and that the rig could have up to 86% less
emissions per well.

The company which is based in the Netherlands says the rig was aimed at “making the extraction
of fossil fuels as sustainable as possible while we make the transition to renewable energy.”
According to the company, examples of the rig’s efficiency include a low drag electrified robotic
drilling system that offers consistent speed of operation, as well as a unique heave compensated
drilling floor, enabling it to operate in rough seas. Ideally, Huisman says the rig is powered with
onshore-produced hydroelectricity, via a power cable from a nearby platform. Alternatively, it can
be powered by two floating wind turbines, moored next to the rig.

APAC Fleet Composition

Table: APAC Fleet Comments
Semi-Tenders, 6, 7%
Tender Barges, 10, 11% South East Asia and
Jackup Semi-Sub Drillship Tender
Australia Utilisation

August Working 75.1% 67.5% 37.1% 68.0%

Ultra Deepwater,
14, 15%
Jackups, 56, August Contracted 71.9% 51.6% 31.3% 58.4%
60%
Deepwater, 4, 4% August Committed 90.3% 81.3% 81.6% 86.7%

Mid Water, 3, 3%

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Breakdown of all active rig types in the Asia Pacific by country

Incoming to Region in 2022

1x Jackup Australia
4x Semis
Departed Region in 2022 2x Jackups
8x Jackups
Brunei
1x Jackups
Under Construction 2x Semi-Tender
6x Jackups
2x Semis Indonesia
1x Drillship
1x Drillships 11x Jackups
1x Semi-Tender 4x Semis
4x Tenders
Warm Stacked 2x Barges
5x Jackups JDA
1x Drillship 2x Jackups
1x Semi
2x Tenders Malaysia
11x Jackups
1x Semi-Tenders
1x Tender
6x Semisubs
Cold Stacked 4x Drillships
7x Jackups 4x Semi-Tenders
5x Semis
New Zealand
2x Drillships 1x Jackup
5x Tenders
4x Semi-Tenders Vietnam
3x Jackups
2x Barge
1x Drillship

Scrapped in 2022 Thailand

1x Jackup 6x Jackups
6x Tender-Assist
1x Semisub

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Table: Asia-Pacific Rig List, End-August 2022
Rig Manager Rig Name Type Status Location

Aban Offshore Deep Driller 4 Jackup Sold Singapore

Aban Offshore Deep Driller 5 Jackup Sold Singapore
Awilco Drilling PLC Nordic Winter Semisub Cancelled Singapore
Awilco Drilling PLC Nordic Spring Semisub Cancelled Singapore
Borr Drilling Gyme Jackup Warm Stacked Singapore
Borr Drilling Heidrun Jackup Under Construction Singapore
Borr Drilling Heimdal Jackup Contract Preparation Singapore
Borr Drilling Hermod Jackup Contract Preparation Singapore
Borr Drilling Hild Jackup Warm Stacked Singapore
Borr Drilling Huldra Jackup Under Construction Singapore
Borr Drilling Tivar Jackup Under Construction Singapore
Borr Drilling Vale Jackup Under Construction Singapore
Borr Drilling Var Jackup Under Construction Singapore
China Oilfield Services Ltd. Shen Lan Tan Suo Semisub Contract Preparation Singapore
Clearwater Capital Partners LLC Arabdrill 110 Jackup Contract Preparation Singapore
Fecon International Corp. Fecon I Jackup Contract Preparation Singapore
Fecon International Corp. Fecon II Jackup Contract Preparation Singapore
Fecon International Corp. Arabdrill 120 Jackup Contract Preparation Singapore
Edrill Guo Hai Tai He (Edrill 3) Semi-Tender Contract Preparation Singapore
Keppel FELS CAN-DO Drillship Under Construction Singapore
Shelf Drilling Shelf Drilling Scepter Jackup Warm Stacked Singapore
Sapura Energy Sapura T-11 Tender -Assist Contract Preparation Singapore
Transocean Deepwater Atlas Drillship Contract Preparation Singapore
Transocean Deepwater Titan Drillship Under Construction Singapore
TS Offshore Limited TS Jasper Jackup Under Construction Singapore
Velesto Energy Naga 8 Jackup Drilling JDA
Borr Drilling Thor Jackup Drilling JDA
Aquadrill Offshore Polaris Drillship Reactivation Malaysia
Borr Drilling Idun Jackup Drilling Malaysia
Borr Drilling Saga Jackup Drilling Malaysia
Borr Drilling Gunnlod Jackup Drilling Malaysia
Diamond Offshore Ocean Monarch Semisub Cold Stacked Malaysia
Diamond Offshore Ocean Rover Semisub Cold Stacked Malaysia
Japan Drilling Hakuryu-5 Semisub Mobilizing Malaysia
Maersk Drilling Maersk Viking Drillship Drilling Malaysia
Nabors Nabors 453 Platform Rig Cold Stacked Malaysia
Nabors Pool 488 Platform Rig Cold Stacked Malaysia
Icon Offshore ICON Caren Jackup Drilling Malaysia
PV Drilling PV Drilling III Jackup Drilling Malaysia
SAAG Drilling Telaga Usaha Platform Rig Cold Stacked Malaysia
Sapura Energy Sapura Setia Semi -Tender Sold / Scrap Malaysia
Sapura Energy Sapura T-9 Tender Assist Drilling Malaysia
Sapura Energy Sapura Esperanza Semi-Tender Drilling Malaysia
Sapura Energy Sapura Pelaut Semi-Tender Drilling Malaysia
Seadrill Ltd West Orion Semisub Cold Stacked Malaysia
Seadrill Ltd West Prospero Jackup Cold Stacked Malaysia
Aquadrill Vencedor Semi-Tender Warm Stacked Malaysia
Shelf Drilling Trident 15 Jackup Cold Stacked Malaysia
Transocean Discoverer Luanda Drillship Cold Stacked Malaysia
Transocean GSF Development Driller I Semisub Cold Stacked Malaysia
Transocean Dhirubhai Deepwater KG2 Drillship Warm Stacked Malaysia
Transocean Deepwater Nautilus Semisub Warm Stacked Malaysia
Velesto Energy Naga 2 Jackup Drilling Malaysia
Velesto Energy Naga 3 Jackup Contract Preparation Malaysia
Velesto Energy Naga 4 Jackup Drilling Malaysia
Velesto Energy Naga 5 Jackup Drilling Malaysia
Velesto Energy Naga 6 Jackup Moving to Location Malaysia

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Rig Manager Rig Name Type Status Location

Apexindo Raisis Inland Barge Drilling Indonesia

Apexindo Raissa Inland Barge Cold Stacked Indonesia
Apexindo Raniworo Jackup Warm Stacked Indonesia
Apexindo Tasha Jackup Drilling Indonesia
Apexindo Yani Inland Barge Drilling Indonesia
China Oilfield Services Ltd. COSLPower Jackup Drilling Indonesia
China Oilfield Services Ltd. Asian Endeavor 1 Jackup Drilling Indonesia
China Oilfield Services Ltd. Zhao Shang Hai Long 6 Jackup Drilling Indonesia
China Oilfield Services Ltd. SinoOcean Peace Jackup Drilling Indonesia
China Oilfield Services Ltd. SS Pantanal Semisub Cold Stacked / Scrap Indonesia
Essar Oilfield Services Essar Wildcat Semisub Drilling Indonesia
Japan Drilling Hakuryu-14 Jackup Drilling Indonesia
Japan Drilling Hakuryu-11 Jackup Drilling Indonesia
Petroserv SA SSV Catarina Semisub Drilling Indonesia
Sapura Energy Sapura T-12 Tender Assist Reactivation Indonesia
Sapura Energy Sapura T-20 Tender Assist Sold / Scrap Indonesia
Sapura Energy Sapura T-19 Tender -Assist Sold / Scrap Indonesia
Seadrill Ltd Sevan Driller Semisub Cold Stacked Indonesia
Aquadrill T-16 Tender -Assist Cold Stacked Indonesia
Shelf Drilling Hibiscus Inland Barge Cold Stacked Indonesia
Vantage Capella Drillship Drilling Indonesia
Vantage Soehanah Jackup Drilling Indonesia
PV Drilling PV Drilling II Jackup Drilling Indonesia
Valaris Valaris 106 Jackup Drilling Indonesia
ArktikMorNefteGazRazvedka Valentin Shashin Drillship Cold Stacked Vietnam
ArktikMorNefteGazRazvedka Murmanskaya Jackup Warm Stacked Vietnam
PV Drilling PV Drilling I Jackup Drilling Vietnam
PV Drilling PV Drilling VI Jackup Drilling Vietnam
VietSovPetro (NOC) Cuu Long Jackup Drilling Vietnam
VietSovPetro (NOC) Tam Dao 01 Jackup Drilling Vietnam
VietSovPetro (NOC) Tam Dao 02 Jackup Drilling Vietnam
VietSovPetro (NOC) Tam Dao 03 Jackup Drilling Vietnam
VietSovPetro (NOC) Tam Dao 05 Jackup Drilling Vietnam
Borr Drilling Skald Jackup Drilling Thailand
Borr Drilling Mist Jackup Drilling Thailand
Sapura Energy Sapura T-10 Tender- Assist Drilling Thailand
Sapura Energy Sapura T-18 Tender Assist Drilling Thailand
Sapura Energy Sapura T-17 Tender Assist Drilling Thailand
Shelf Drilling Shelf Drilling Chaophraya Jackup Drilling Thailand
Shelf Drilling Shelf Drilling Krathong Jackup Drilling Thailand
Shelf Drilling Shelf Drilling Enterprise Jackup Drilling Thailand
Valaris Valaris JU-115 Jackup Drilling Thailand
Energy Drilling Pte Ltd. EDrill-1 Tender Assist Drilling Thailand
Energy Drilling Pte Ltd. EDrill-2 Tender Assist Drilling Thailand
Seadrill Ltd. (Energy Drilling) T-15 Tender Assist Drilling Thailand
Maersk Drilling Maersk Convincer Jackup Drilling Brunei
Maersk Drilling Maersk Viking Drillship Drilling Brunei
Sapura Energy Sapura Alliance Semi-Tender Workover Brunei
PV Drilling PV Drilling V Semi -Tender Drilling Brunei
Diamond Ocean Apex Semisub Drilling Australia
Diamond Offshore Ocean Onyx Semisub Warm Stacked Australia
Maersk Drilling Maersk Deliverer Semisub Drilling Australia
Noble Drilling Noble Tom Prosser Jackup Drilling Australia
Valaris Valaris 107 Jackup Drilling Australia
Valaris Valaris MS-1 Semisub Drilling Australia
Valaris Valaris DPS-1 Semisub Drilling Australia
Valaris Valaris JU -249 Jackup Drilling New Zealand

21 APAC Offshore • Issue No.219 | End-August © Westwood Global Energy Group

 Editorial Enquiries: Paul Ezekiel
[email protected]

Terry Childs
[email protected]

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