Ultra-deepwater semi West Sirius commences operations for Devon Energy
2008.07.25 -
Company News
Yesterday, the ultra-deepwater semi-submersible rig West Sirius commenced operations for Devon Energy in the Gulf of Mexico. West Sirius, which was delivered from Jurong Shipyard in Singapore on March 31 this year, arrived in the Gulf of Mexico earlier this month and has since arrival been finalizing commissioning and acceptance work for the operator. West Sirius has a six-year contract with Devon Energy for operations in the Gulf of Mexico. Start-up of operations is in line with the original start-up schedule on the contract. For the mobilization period, Seadrill will receive a dayrate element and compensation for fuel costs, which will be taken to income over the six-year contract term.
Alf C Thorkildsen, Chief Executive Officer in Seadrill Management AS, says in a comment, "After several months in transit from Singapore, we are excited to have started our first deepwater operations in the Gulf of Mexico. This is an important milestone for our Company as West Sirius is the first out of eight deepwater units to be delivered this year, to commence operations. This is also our first assignment for Devon Energy and we look forward to a close co-operation with them over the coming six years."
Petroleum Geo-Services ASA ('PGS' or the Company) announced today that it has entered into a definitive agreement to acquire Applied Geophysical Services, Inc. (AGS) for a price of USD 51 million, subject to certain adjustments for changes in working capital. PGS estimates an enterprise value for AGS of approximately USD 46 million. AGS is based in Houston, Texas and specializes in providing advanced depth imaging services. The transaction is expected to close during the course of this week.
Total announces the acquisition of a 40% interest in three exploration permits northeast of Ichthys on the Australian Browse Basin jointly with Inpex (60%, operator). These interests were held by ConocoPhillips. This acquisition is subject to the approval of the Australian authorities.
Rowan Companies, Inc. (NYSE:RDC) announced today that it has entered into contracts with Keppel AmFELS, Inc. for the construction of four Super 116E class jack-ups. The rigs will be built at AmFELS' Brownsville, Texas shipyard, with delivery scheduled at approximately four-month intervals beginning in the second quarter of 2010.
Gaz de France has acquired a 45% stake in the Alam El Shawish West licence in Egypt from Vegas Oil & Gas.
Trico Marine Services, Inc. (NASDAQ: TRMA) ("Trico") and Active Subsea ASA (NOTC: ASUB) ("Active Subsea") today announced that Trico intends to make a voluntary offer for all outstanding shares, options and warrants of Active Subsea.
