Global offshore drilling contractor Vantage Drilling has unveiled a new contract for offshore India that will see the reactivation of a sixth-generation drillship.
The contract, awarded to Aquadrill LLC and a subsidiary of Vantage Drilling, is a nine-month assignment with Oil & Natural Gas Corporation (ONGC) for the drillship Polaris.
The total contract value is expected to be $66.5 million and work is expected to begin in the fourth quarter of 2022 following relocation of the rig from Sri Lanka to Malaysia for reactivation, contract preparation and upgrades, including equipping the rig with the piping required for future use of a managed pressure drilling system, said Aquadrill.
Upstream reported on 26 May that ONGC had issued tenders earlier this year for two dynamically-positioned deep-water drillships capable of operating in water depths up to 1500 and 3000 metres, respectively.
Vantage was considered a key contender as it had offered a competitive dayrate.
Meanwhile, Aquadrill and a subsidiary of Energy Drilling Management have reached an agreement to provide the T-15, a tender assisted drilling barge, for a five-month contract plus a three-month priced optional period for operations in Thailand, said Aquadrill.
The total contract value of the firm portion of the contact is expected to be $11.6 million and work is expected to begin in August 2022 following reactivation and contract preparation.