Thailand’s national upstream company PTTEP has it eyes set on ramping up drilling offshore Malaysia after extending a charter of the Borr Drilling jack-up Gunnlod for another eight wells.
This extension should keep the rig busy until September, according to Borr, which noted on Wednesday that PTTEP has one further option that, if confirmed, could see the Gunnlod active for the remainder of 2021.
The Pacific Class 400 jack-up was delivered in 2018 from PPL Shipyard in Singapore.
The Thai operator’s extension is one of three recent contracts that will potentially add a total of $48 million and approximately 590 days to Borr’s backlog.
The New York and Oslo-listed drilling contract has also received a letter of intent (LoI) from a new — but unidentified — client for its jack-up Natt for operations offshore Nigeria.
The job, scheduled to start in April, has an estimated duration of 150 days and will come in direct continuation of its existing charter.
The Natt was also built by PPL and delivered in 2019.
Borr has also converted an earlier LoI for the 2013-built Friede & Goldman JU 2000E-design rig Prospector 1 into a contract for four firm wells plus options for Neptune Energy.
In addition, the Prospector 1 has secured a three-well plus option contract with Tulip Oil for operations in the Netherlands.
As a result, the Prospector 1 — which was built by Dalian Shipbuilding Industry Company in China — will be fully utilised in 2021 on the Dutch continental shelf.
Borr said on Wednesday it sees “good opportunities” for keeping this rig working into the third quarter of 2022 if all the options are exercised.