Oil India chooses Transocean rig

Vol 19, PW 2 (24 Sep 15) News in Brief

Transocean is facing difficult times in India but there is a ray of hope as Oil India, after months of uncertainty, has decided to hire one of its semisubmersible rigs to drill two exploration wells at Cauvery offshore block CY-OSN-2009/2.

Oil India wants Transocean’s MG Hulme Jr, currently at a yard in Singapore, for the campaign but has not yet issued a LoA. Transocean we hear might instead offer GSF 140, presently off India’s east coast, to save mobilisation costs.

GSF 140 finished her $156,000/day contract with ONGC on September 18. A source adds Halliburton is the frontrunner to provide logging, perforation, MWD, LWD and support services.

In January, Oil India accepted bids from Deepwater Drilling, Essar Oilfield Services and Transocean for an anchor-moored semisubmersible to drill well 4A in water depths of 400 metres to 5600 metres TD and well 5 in water depths of 816 metres to 6020 metres TD.

LNG Summit