Reassess APAC Rig Bookings After Multi‑well Lift and Regulatory Notice

Valeura’s contracted drilling rig has now been mobilised to the Jasmine field in block B5/27, where the firm plans to conduct a five-well drilling program. This multi-well program comprises three single-bore development wells and a two-wellbore multi-lateral development well

This multi-well program comprises three single-bore development wells and a two-wellbore multi-lateral development well

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

However, the business combination’s completion remains subject to certain conditions. Once it is implemented as a statutory merger under Bermuda law, Vantage will be a wholly owned subsidiary of Eldorado, but the surviving company’s name will remain Vantage Drilling International

Once it is implemented as a statutory merger under Bermuda law, Vantage will be a wholly owned subsidiary of Eldorado, but the surviving company’s name will remain Vantage Drilling International. 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

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

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