US GoM Floating Fleet Report – 9th March 2023

  • The marketed floating rig fleet in the US GoM has remained at full utilisation over the last week, the sixth such week in a row.
  • Saipem’s Santorini drillship has moved from Triton to Longhorn, MC502. The rig remains under contract with Eni.
  • The VALARIS DS-18 has arrived at Tahiti GC640, having moved from Jack/St. Malo last week. The rig remains with Chevron.
  • Seadrill’s West Neptune drillship has been awarded a six-month term extension for operations in the Gulf of Mexico with LLOG. The contract will run in direct continuation of the current commitment and will keep the rig employed through Q3-2024. The contract value is ~USD79m.
  • Deepwater Titan officially delivered by Sembcorp Marine on 29th December 2022. The rig left the quay side in Singapore this week and seems to be completing seas trials/acceptance testing prior to mobilization to North America.
  • Average fixture rate for Q1 ~US$430/day

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LukeD