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Russian-Vietnamese Vietsovpetro hires 2 PV Drilling jack-ups

Vietsovpetro reportedly hired 2 PV Drilling jack-up rigs.

Russian-Vietnamese Vietsovpetro hires 2 PV Drilling jack-ups

Hanoi, August 16 - Neftegaz.RU. Vietsovpetro, a Russian-Vietnamese joint company for oil and gas exploration, has reportedly hired 2 PV Drilling jack-up rigs.

The 2 rigs have, reportedly, been hired on 3-month contracts. Per VesselsValue, the PV Drilling I is expected to begin work on October 15, 2018, while the PV Drilling VI is supposed to begin work on October 1, 2018.

As for the end dates, the PV Drilling I and PV Drilling VI rigs will end its contracts on December 31, 2018, and January 14, 2019, respectively. It is worth noting that the PV Drilling VI rig term contract includes extension options.

Both rigs are of the MOD V B Class design, built by Keppel Fels in Singapore. The PV Drilling I is a jack-up capable of operating in water depths up to 300 feet. The 2007-built rig has a maximum drilling depth of up to 25,000 feet.

According to Bassoe Analytics tool, there are now 9 rigs – all jack-ups – currently drilling off the coast of Vietnam. One of them is the above mentioned PV Drilling I. Per Bassoe, the rig is currently employed at the TGT field, working for HLJOC where it is expected to remain till mid-September 2018.

As for the PV Drilling VI, Bassoe also shows the rig as securing a new contract with Vietsovpetro. The analytics tool shows the rig as ending its 3 -well contract with Rosneft at Nam Côn Sơn Blocks 06.1 and 05.3/11 blocks, after which it will join Vietsovpetro.

Source : Neftegaz.RU

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