Secure Mobilisation Options Amid APAC Rig and Survey Shifts

Mist rig; Source: Borr Drilling Valeura Energy has confirmed the completion of an eight-well drilling campaign on its Nong Yao field at block G11/48, where the company holds a 90% operated working interest in the Gulf of Thailand. The drilling program, which includes the firm’s first-ever multi-lateral development well, encompassed one appraisal well that encountered its target as intended, and will give rise to future development drilling at the Nong Yao A platform

The multi-lateral approach fits well with Valeura’s objective to maximise the production potential of its facilities. Since the company sees potential for multi-lateral drilling across its portfolio, it is evaluating its forward drilling schedule to identify suitable candidates on its other Gulf of Thailand fields

Mist rig; Source: Borr Drilling Valeura Energy has confirmed the completion of an eight-well drilling campaign on its Nong Yao field at block G11/48, where the company holds a 90% operated working interest in the Gulf of Thailand

We’re looking forward to receiving data of very high quality – and to further refining knowledge about Norwegian deep sea areas! ” The procured AUV can operate at depths of up to 6,000 meters, collecting high-resolution data about the seabed

” The procured AUV can operate at depths of up to 6,000 meters, collecting high-resolution data about the seabed

This data is supplemented with even higher-resolution surveys using AUVs, but this kind of advanced mapping used to be contracted out to private businesses. However, Norway’s Ministry of Energy funded the procurement of a HUGIN Superior AUV in 2025 through the Norwegian Offshore Directorate

View post tag: Eldorado Drilling View post tag: market consolidation View post tag: rig market consolidation View post tag: Vantage Drilling

Home Fossil Energy Shareholders cast their votes in favor of Vantage Drilling’s merger with Eldorado June 19, 2026, by Vantage Drilling, a Bermuda-exempt offshore drilling contractor, has secured its shareholders’ blessing for its proposed business combination with Eldorado Drilling, an offshore drilling player backed by a group of well-known Norwegian investors. Tungsten Explorer; Source: Vantage Drilling Vantage Drilling has revealed the results of the special general meeting (SGM) held on June 18, 2026, at t

Home Fossil Energy Shareholders cast their votes in favor of Vantage Drilling’s merger with Eldorado June 19, 2026, by Vantage Drilling, a Bermuda-exempt offshore drilling contractor, has secured its shareholders’ blessing for its proposed business combination with Eldorado Drilling, an offshore drilling player backed by a group of well-known Norwegian investors

As a result, the firm is allowed to submit written representations to ANP concerning the breach within 120 days of the notice, until October 16, 2026, before the regulator makes a final decision on termination at its sole discretion. The notice also sets out that ANP may consider granting an extension for the fulfilment of the minimum exploration work requirements for contract year three of the PSC, provided SundaGas provides evidence of a binding signed contract for a rig to drill Chuditch-2 in 2027

The regulatory notice states that the operator is in breach of the PSC because it has failed to fulfil its minimum exploration work requirements for contract year three of the PSC, covering the drilling of Chuditch-2 by June 18, 2026. As a result, the firm is allowed to submit written representations to ANP concerning the breach within 120 days of the notice, until October 16, 2026, before the regulator makes a final decision on termination at its sole discretion

The notice also sets out that ANP may consider granting an extension for the fulfilment of the minimum exploration work requirements for contract year three of the PSC, provided SundaGas provides evidence of a binding signed contract for a rig to drill Chuditch-2 in 2027. Commenting on this, the operator emphasized: “The board of directors of Sunda disputes the basis of, and background to, the notice and the company is consulting with its regulatory and legal advisers with respect to the matters therein