New contracts for West Vela and West Capella

Fossil Energy – Drilling

New work has been awarded to Seadrill-owned drillships West Vela in the US GOM and West Capella in Indonesia.

Seadrill stated that these new contracts totalled $97.5 million in value.

Talos Energy company Talos Production awarded a 150-day contract to the Seadrill-owned 12,000-ft drillship West Vela in the US GOM. This contract is expected to commence in the third quarter of 2024 and has a total contract value of $73.5 million, excluding managed pressure drilling services.

West Vela is currently under management of Diamond Offshore and is working for Beacon Offshore until around the of March 2024. The rig will then transition from Diamond Offshore’s management to Seadrill before beginning a three-month contract with QuarterNorth Energy in the US GOM around June 2024.

Earlier this month, Talos Energy announced that it would acquire QuarterNorth, with the transaction expected to close by the end of Q1 2024.

The Seadrill-owned 10,000-ft drillship West Capella is currently working for Harbour Energy offshore Indonesia is under management of Vantage Drilling. Harbour Energy has exercised a one-well option for the rig with Vantage Drilling, beginning in direct continuation of its current program and extending its operations by around two months. The total contract value is $24.0 million.

Original Source: https://ocean-energyresources.com/2024/01/30/new-contracts-for-west-vela-and-west-capella/