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This website uses cookies to ensure you get the best experience on our website. View our privacy policy Got it! Subscribe Magazine Videos Webcasts Events About Us * Log In * Register * Regional Reports Drilling & Completion Field Development Subsea Geosciences Pipelines Production Rigs/Vessels Deepwater Business Briefs Topics Coronavirus Regional Reports Drilling & Completion Field Development Subsea Geosciences Pipelines Production Rigs/Vessels Deepwater Business Briefs Renewable Energy Resources Maps & Posters Magazine Videos White Papers Webcasts Events Surveys User Tools Subscribe Advertise About Us Contact Us Privacy Policy Terms & Conditions https://www.facebook.com/offshoremagazine https://www.linkedin.com/company/offshore-magazine https://twitter.com/offshoremgzn * Rigs/Vessels DEMAND FOR FLOATING RIGS SOARS IN FEBRUARY Feb. 16, 2022 Vessels with MPD systems increasingly sought. * * * * * Courtesy Transocean Transocean’s Deepwater Asgard recently won a two-well contract in the US Gulf of Mexico at $395,000/day. Offshore staff NEW YORK CITY – Demand for floating rigs is soaring in the new year, with floaters making up 86% of the awards in February thus far, according to Evercore ISI’s latest Offshore Rig Market Snapshot. While no contract awarded was for more than four months, the firm commented that “day rates are clearly trending higher with Transocean signing a new contract for the Deepwater Asgard at a substantially higher rate.” The report noted that the seventh-generation drillship was awarded a two-well contract from an undisclosed operator in the US Gulf of Mexico at $395,000/day, up from its current $295,000/ day charter with Hess. Evercore said that the rate “likely includes managed pressure drilling services,” with Transocean previously disclosing that the $295,000/day average on the Deepwater Asgard’s one-well contract with Hess received an incremental $40,000/day for MPD services. Evercore notes that while MPD is generally required for HP/HT reservoirs such as Petrobras’ presalt regions and the Gulf of Mexico’s Lower Tertiary areas, it is also used to enhance drilling performance. About 30 floaters and three jackups are fully equipped with MPD currently, with NOV recently upgrading the Noble Gerry de Souza with MPD and a second BOP for its one-well plus two option well contract offshore Suriname for APA. 02/15/2022 VOICE YOUR OPINION! This site requires you to register or login to post a comment. Email Address * Continue No comments have been added yet. Want to start the conversation? SIGN UP FOR OFFSHORE ENEWSLETTERS SIGN UP LATEST IN RIGS/VESSELS Courtesy Awilco North Sea & Europe AWILCO STACKS TWO NORTH SEA RIGS, SEES MARKET UPTURN March 2, 2022 Courtesy Seadrill Rigs/Vessels SEADRILL UPDATES RIG CONTRACTS, STACKING DEVELOPMENTS Feb. 24, 2022 (Courtesy Solstad Offshore) Rigs/Vessels WÄRTSILÄ WORKING WITH SOLSTAD ON OFFSHORE VESSEL EMISSIONS MEASURES Feb. 23, 2022 (Courtesy Lamprell) Rigs/Vessels LAMPRELL NOTIFIED OF JACKUP LIFT BARGE AWARD Feb. 18, 2022 (Courtesy Marine Technical Limits) Rigs/Vessels MTL DEVELOPS APP FOR FPSO LIGHTSHIP WEIGHT MANAGEMENT Feb. 18, 2022 Loading Content https://www.facebook.com/offshoremagazine https://www.linkedin.com/company/offshore-magazine https://twitter.com/offshoremgzn * About Us * Contact Us * Advertise * California Do Not Sell * Privacy Policy * Terms & Conditions © 2022 Endeavor Business Media, LLC. All rights reserved.