Secure Mobilisation and Vendor Terms for APAC Completion Campaigns

What happened

Valeura completed an eight‑well drilling campaign at its Nong Yao field in the Gulf of Thailand, including its first multi‑lateral development well. The program delivered multiple horizontal producers and set a new long horizontal lateral record (4,960m), and the contracted rig has been mobilised to a new five‑well job, indicating sustained regional activity. Watch whether the operator repeats multi‑lateral sequencing elsewhere — that pattern hardens supplier mobilisation and short‑lead service demand

Why the category manager should care

Treat multi‑well sequences as a sustained demand pattern — expect repeat mobilisation needs and shorter bid windows for completions and intervention services

Key facts

• Eight‑well drilling campaign completed at Nong Yao
• Record horizontal lateral drilled at roughly 4,960m
• Contracted rig mobilised onward to a five‑well program

What happened

West Natuna Exploration’s Mako gas development awarded a binding contract to PT PAL for EPCT and has a six‑well development plan tied to a leased mobile offshore production unit and an 18‑inch gas export pipeline. The Admarine 502 jack‑up has been contracted for drilling and the scope consolidates fabrication, pipeline and installation interfaces under the EPCT, making supplier coordination and mobilisation sequencing operationally real. Watch integration points between the EPCT scope, jack‑up schedule and pipeline commissioning for potential mobilisation bottlenecks

Why the category manager should care

This is an operational demand signal: local EPCT and jack‑up mobilisation will set near‑term supplier allocation and contracting priorities in Indonesia

Key facts

• Six development wells tied to a leased MOPU
• Approximately 59‑kilometre 18‑inch pipeline tieback to nearby platform
• Admarine 502 jack‑up contracted to drill the development wells

What happened

Rem Offshore’s new methanol‑ready subsea construction vessel, REM Ocean, was delivered from Vietnam and is en route to Norway for outfitting and will enter an eight‑year IMR contract in Europe. The vessel is outfitted for autonomy and IMR tasks, with dual‑fuel capability, two electric WROVs and an autonomous inspection drone, which represents modern IMR capability coming online but committed to non‑APAC work. Watch whether similar newbuilds are contracted outside APAC or whether regional owners secure capacity for local IMR needs

Why the category manager should care

New high‑spec hulls expand global IMR capacity on paper but supply to APAC depends on commercial commitments; don't assume regional availability until contracts are checked

Key facts

• 111.7‑meter subsea construction vessel built in Vietnam
• Dual‑fuel engines with battery storage, two electric work‑class ROVs and an autonomous inspec
• Set for long IMR contract with DeepOcean after European outfitting