Prepare Contracts and Capacity for Multi‑Well Offshore Commitments

Saipem signed a binding sale and purchase agreement (SPA) with ADES Saudi, an indirect subsidiary of ADES, for the sale of its entire interest in Saudi Arabian Saipem (SAS), a shallow-water offshore drilling entity whose fleet comprises five jackups

Once the acquisition is complete, ADES will operate a fleet of 88 offshore jackups, of which 51 are premium units, along with one jackup barge and one mobile offshore production unit

Four of the five rigs are currently operating in Saudi Arabia. The fifth, Perro Negro 10, is under an existing lease contract in Mexico

In April, Nabors and Corva announced an expansion of their strategic alliance with the integration of Nabors’ RigCLOUD edge computing platform and Corva AI

By connecting RigCLOUD with Corva’s App Store and Developer Center, the system can remotely push optimized Auto Driller setpoints to the rig site, directly to the hands of drilling crews on-site, even when satellite bandwidth is constrained

DC spoke with Tatiana Borges, RigCLOUD Director at Nabors, and William Fox, General Manager for Drilling at Corva, about the benefits of the integrated system – specifically, how the Corva apps can help enhance real-time data processing within RigCLOUD, and the actionable insights the system can deliver to rig crews

Jadestone Energy brought the first well of its 2026 infill drilling campaign at the East Belumut field offshore Malaysia onstream at approximately 3,000 bbl/d, with drilling of a third well now underway aboard the NAGA 8 jackup. The well, EBA-18ST3, includes a 1,200-m horizontal reservoir section at a total measured depth of 4,866 m, the longest of any well drilled to date on the field

Jadestone Energy brought the first well of its 2026 infill drilling campaign at the East Belumut field offshore Malaysia onstream at approximately 3,000 bbl/d, with drilling of a third well now underway aboard the NAGA 8 jackup

The 2026 campaign on the PM323 production sharing contract (PSC) originally comprised two firm wells and a third contingent well targeting the southwest extension of the East Belumut field, an area identified during a 2023 infill program. Based on the performance of EBA-18ST3 and subsurface data gathered during drilling of the second well, Jadestone sanctioned the third well, which is already drilling

The development plan comprises 17 wells tied back to a new FPSO vessel with a nameplate capacity of 95,000 boe/d. Gas produced will be exported to the Angola LNG plant via a new export line connected to the existing Block 31 gas export network, with a capacity of 70 million standard cu ft per day

The development plan comprises 17 wells tied back to a new FPSO vessel with a nameplate capacity of 95,000 boe/d

Photo: Azule Energy Azule Energy, the joint venture equally owned by Eni and BP, took the final investment decision on the Greater PAJ Project, an offshore oil development spanning Blocks 31 and 31/21 offshore Angola. Sonangol E&P and Equinor also participate in the project

The refurbishment was carried out to extend the vessel’s operational life and support a significant development drilling program at Baobab planned to begin in H2 2026. The Phase 5 drilling program is expected to include four producers, two to three injectors and two workovers

The Phase 5 drilling program is expected to include four producers, two to three injectors and two workovers

VAALCO Energy restarted production at the Baobab field on the CI-40 block offshore Côte d’Ivoire following completion of a nine-month refurbishment of the Baobab Ivoirien floating production, storage and offloading vessel (FPSO). The FPSO ceased hydrocarbon operations in January 2025 to undergo the refurbishment program in Dubai