Reprice Mobilisation Terms as Integrated Rig Contracts Tighten

Equinor and partners have finalized a new well design for the Arkenstone gas exploration well in production license 1014 in the Norwegian Sea, with spud now expected in mid-2027. The Transocean semisubmersible Spitsbergen is set to drill the well, following the redesign needed after the original 2024 attempt was suspended when shallow gas was encountered near the reservoir

Equinor and partners have finalized a new well design for the Arkenstone gas exploration well in production license 1014 in the Norwegian Sea, with spud now expected in mid-2027

The Transocean semisubmersible Spitsbergen is set to drill the well, following the redesign needed after the original 2024 attempt was suspended when shallow gas was encountered near the reservoir

Egypt’s House of Representatives approved a contract licensing Perenco to search for gas and crude oil in the Al-Fayrouz onshore area of North Sinai. Perenco, a subsidiary of Egypt Kuwait Holding, has operated the North Sinai concession since 2014

Perenco, a subsidiary of Egypt Kuwait Holding, has operated the North Sinai concession since 2014. The Al-Fayrouz block was awarded in June 2025 through EGAS’s 2024 global bid round and is a new onshore frontier for the company, which plans a 3D seismic survey and one exploratory well

The Al-Fayrouz block was awarded in June 2025 through EGAS’s 2024 global bid round and is a new onshore frontier for the company, which plans a 3D seismic survey and one exploratory well. The approval was part of a batch of four exploration and development agreements passed by parliament the same day, covering areas in the Eastern Desert, the Nile Delta and the Mediterranean, though those three carried no stated drilling commitments

Equinor and its partners discovered oil in the Skrugard North Tubåen prospect in the Barents Sea, with the licensees weighing a possible tie-back to the Johan Castberg field. The wildcat well, 7220/5-EC-2 H, was drilled by the Transocean Enabler semisubmersible about 3

The wildcat well, 7220/5-EC-2 H, was drilled by the Transocean Enabler semisubmersible about 3

Equinor and its partners discovered oil in the Skrugard North Tubåen prospect in the Barents Sea, with the licensees weighing a possible tie-back to the Johan Castberg field

EV acquired Houston-based Scientific Data Systems (SDS), developer of the Warrior Data Acquisition System, a wellbore logging acquisition platform used across the energy industry. The deal combines EV’s visualization, data delivery and analytics technology with SDS’s downhole data acquisition hardware and software, aiming to give customers a single workflow from data acquisition through interpretation and long-term storage

The deal combines EV’s visualization, data delivery and analytics technology with SDS’s downhole data acquisition hardware and software, aiming to give customers a single workflow from data acquisition through interpretation and long-term storage. SDS’s Warrior platform, in use for more than two decades, works with logging tools from nearly all manufacturers, a compatibility that EV said mirrors the tool-agnostic design of its own AIVA data delivery and visualization platform

The deal combines EV’s visualization, data delivery and analytics technology with SDS’s downhole data acquisition hardware and software, aiming to give customers a single workflow from data acquisition through interpretation and long-term storage

News Transocean lands seven-year, $1 billion Equinor rig deal June 30, 2026 Transocean has secured a drilling agreement with Equinor worth more than $1 billion in backlog for three harsh-environment Cat D semisubmersible rigs on the Norwegian Continental Shelf

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The seven rig-years of work are scheduled to begin between 2027 and 2028. News Transocean secures $185 million in offshore drilling contracts June 17, 2026 Transocean has secured approximately $185 million in new contract backlog after winning offshore drilling work for the Transocean Norge in Norway and the Transocean Equinox in Australia, extending utilization of its harsh-environment semisubmersible fleet