Page 13: of Offshore Engineer Magazine (Jul/Aug 2024)

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MARKETS RIGS

Source: Westwood RigLogix

Offshore drilling rigs contracted to work offshore Namibia 2002-2024 (contracts fxed as of 31 July 2024). grammes in the coming months, while the long-term out- Maguni have been dubbed as potential drill targets. look is very promising. Meanwhile, Rhino will also start a minimum two-well

Since August 2021, there have been 15 new contracts campaign in the fnal quarter of this year, using UDW awarded or exercised contract options taken up, equat- drillship Noble Venturer (12,000’), with Sagittarius or Vo- ing to approximately 1,700 days (or 4.4 years) of rig de- lans as likely prospects. mand for operators to conduct work offshore Namibia. TotalEnergies is expected to return to exploration and

Supermajors, Shell and TotalEnergies, have been most ac- appraisal drilling at its acreage in the coming months, tive in contacting rigs, securing 80% of the frm rig time with plans to drill the Kokerboom prospect in PEL 56, for Namibian operations since 3Q 2021. Galp Energia, but which rig it plans to use is yet to be confrmed. The with its successful campaign in PEL 83 using Odfjell operator currently has UDW drillship Tungsten Explorer

Drilling-managed semi Hercules (10,000’), accounted (10,000’) booked in under a 10-year deal for which it can for 10% of the total. utilise it in different countries, while it still has UDW semi

Meanwhile two upcoming exploration campaigns with Deepsea Mira (10,000’) on hire until at least mid-October new players – Chevron and Rhino Resources – makes up this year with a 90-day option remaining on the deal. Both the remaining 10% of contracted rig time to date. In 4Q rigs are currently working off the Congo but had previ- this year, Chevron will undertake a one-well exploration ously been drilling in Namibian waters.

campaign in PEL 90 using Odfjell-managed harsh-envi- In addition, TotalEnergies seems likely to be the frst off ronment UDW semi Deepsea Bollsta (10,000’) a rig tried the block to develop its new fnds, with a Final Investment and tested by Shell for its Namibian campaign that ran Decision (FID) expected for Venus in 2025, which will from December 2022 through April 2024. Kapana and require further drilling of subsea wells to be tied back to

JULY/AUGUST 2024 OFFSHORE ENGINEER 13