Tighten Mobilization and Contract Terms for APAC Drilling Programs

Home Fossil Energy First AI-powered walking island rig enters ADNOC Drilling’s fleet months ahead of schedule June 25, 2026, by Abu Dhabi-headquartered ADNOC Drilling, one of the Middle East’s drilling and integrated drilling services (IDS) providers, has taken delivery of its first automated walking island rig running on artificial intelligence (AI) technologies, accelerating autonomous offshore operations in the United Arab Emirates (UAE). ADNOC Drilling enriches its rig fleet with the first AI-enabled walkin

ADNOC Drilling enriches its rig fleet with the first AI-enabled walking island rig; Courtesy of ADNOC Drilling ADNOC Drilling has confirmed the delivery and acceptance of AD-300, the UAE player’s first AI-enabled, fully automated walking island rig, nearly three months ahead of schedule, enabling earlier revenue generation and accelerating the rollout of the six-rig next-generation program. The 50-meter-tall AD-300, said to be the height of a 15-storey building and weighing around 2,000 tons, combines advanced

ADNOC Drilling enriches its rig fleet with the first AI-enabled walking island rig; Courtesy of ADNOC Drilling ADNOC Drilling has confirmed the delivery and acceptance of AD-300, the UAE player’s first AI-enabled, fully automated walking island rig, nearly three months ahead of schedule, enabling earlier revenue generation and accelerating the rollout of the six-rig next-generation program

Home Fossil Energy Perenco pens gas deal for Southeast Asian offshore project June 25, 2026, by Perenco Vietnam, part of Anglo-French oil and gas player Perenco, has inked a gas sales and purchase agreement (GSPA) for a project off the coast of Vietnam, Southeast Asia. Illustration; Source: Perenco Perenco has signed the GSPA for the Su Tu Trang Phase 2B project on Block 15-1 offshore Vietnam, which will supply more than 600 billion cubic feet (bcf) of gas over its life, supporting growing energy demand in Sout

Block 15-1 is described as the second-largest oil and gas block in Vietnam

The GSPA is said to mark a major milestone in the continued development of Block 15-1, following the renewal of the production sharing contract (PSC) in 2025, which extended the strategic partnership with Petrovietnam and PVEP for a further 25 years

The UK-headquartered giant will receive a fixed fee for the first two years, followed by a service fee linked to a percentage share of revenue generated from net incremental hydrocarbon production

” BP will work closely with ONGC’s multidisciplinary teams to identify and implement focused interventions across reservoirs, wells, and production facilities, as the collaboration will seek to moderate natural production decline, improve hydrocarbon recovery and operational efficiency, and support sustained production growth. The UK-headquartered giant will receive a fixed fee for the first two years, followed by a service fee linked to a percentage share of revenue generated from net incremental hydrocarbon p

Under the agreement, BP has been appointed as the technical services provider (TSP-1) for ONGC’s Western Offshore Basin fields, with India’s government-owned firm retaining complete ownership and operational control of the assets

Captain Stephen Craig, ABL’s Group Director for Rig Operations, commented: “This period has set new benchmarks in terms of the number of rig moves executed, total distance covered, and overall operational delivery across both the India and Middle East regions. “This success reflects the dedication of our offshore teams, including our tow masters and marine warranty surveyors, supported by our geotechnical and structural engineers, onshore operations teams across multiple countries, and all supporting personnel

Rig move illustration; Source: ABL, part of Aqualis ABL has supported India’s ONGC in completing 44 jack-up rig moves ahead of the monsoon season, executed between March 15 and May 31, 2026, with a combined total distance exceeding 5,500 nautical miles. The firm emphasizes that all rigs were relocated to their designated locations ahead of the onset of seasonal adverse weather conditions

” In addition, the company has supported 75 rig moves within the ONGC fields on the west coast of India from September 2025 to May 2026 by acting as tow master and marine warranty surveyor throughout the campaign period. ABL was appointed by ONGC’s underwriters and their consultants to provide marine warranty services across the fleet of jack-ups and mobile offshore production units operating within Indian waters