• Wednesday, 16 May, 2012

Atwood Beacon bags Israeli gig

Atwood Beacon: contract off Israel

Atwood Oceanics

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Luke Johnson , Luke Johnson , Luke Johnson , Luke Johnson

 07 February 2012 19:37 GMT

Atwood Oceanics on Tuesday said Israeli player Shemen Oil & Gas Resources had hired the Houston-based driller’s Atwood Beacon jack-up rig for a project in the Mediterranean Sea.

The contract will commence in September this year and will extend for 180 days at a dayrate of $151,000.

The Atwood Beacon is currently working under a one-well contract for Repsol offshore Guyana. Atwood said mobilisation “will be covered by provisions in the current rig sharing group contract”.

Shemen will have the rig through February 2013.

Israeli media reports said the rig would be drilling the Yam 3 prospect in the Mediterranean Sea. Shemen was unable to be reached for confirmation.

Atwood said in its latest fleet status report that Atwood Beacon "could incur approximately five zero-rate days in the fourth quarter of fiscal year 2012 for regulatory inspections and planned maintenance".

Atwood chief financial officer Mark Mey told Upstream that the maintenance would likely take place in between contracts.

"Perhaps we can do some of that en route, if we’re fortunate," he said.

The Atwood Beacon, built in 2003, is capable of working in water depths of up to 400 feet and can drill to a depth of 36,000 feet.

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MPGC 2012 will be held from 6-8 May and is returning to Bahrain again, on the occasion of its 20th Anniversary. The conference will be held under the Patronage of His Excellency Dr. Abdul Hussain bin Ali Mirza, Minister of Energy-Chairman of National Oil & Gas Authority, Kingdom of Bahrain and with National Oil & Gas Authority (NOGA) & The Bahrain Petroleum Company (Bapco) as hosts.
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07.05.2012 -  20th Middle East Petroleum & Gas Conference (MPGC 2012)

MPGC 2012 will be held from 6-8 May and is returning to Bahrain again, on the occasion of its 20th Anniversary. The conference will be held under the Patronage of His Excellency Dr. Abdul Hussain bin Ali Mirza, Minister of Energy-Chairman of National Oil & Gas Authority, Kingdom of Bahrain and with National Oil & Gas Authority (NOGA) & The Bahrain Petroleum Company (Bapco) as hosts.
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08.05.2012 -  20th Middle East Petroleum & Gas Conference (MPGC 2012)

MPGC 2012 will be held from 6-8 May and is returning to Bahrain again, on the occasion of its 20th Anniversary. The conference will be held under the Patronage of His Excellency Dr. Abdul Hussain bin Ali Mirza, Minister of Energy-Chairman of National Oil & Gas Authority, Kingdom of Bahrain and with National Oil & Gas Authority (NOGA) & The Bahrain Petroleum Company (Bapco) as hosts.
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