Petronas awards offshore project in Mexico to Pacific Khamsin drillship — report

Petronas awards offshore project in Mexico to Pacific Khamsin drillship — report
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KUALA LUMPUR (Jan 19): Petroliam Nasional Bhd (Petronas) has awarded Pacific Drilling's drillship Pacific Khamsin with an offshore drilling project in Mexico.

According to Offshore Engineer’s website OE Digital yesterday, Petronas will take the drillship on a one-well contract, starting from the third quarter of 2021 (3Q21).

The day rate for one firm well for the Pacific Khamsin contract with Petronas is US$192,000 (RM777,600), and includes the lump sum mobilisation fee amortised over the firm contract period.

Apart from one firm well for the drillship, Petronas has two priced option wells and two additional option wells at market rates.

Pacific Khamsin is currently located in the US Gulf of Mexico region, where it in November completed a well for French oil major Total.

Meanwhile, Pacific Drilling's Pacific Santa Ana drillship, which had been on a 35% standby rate since March 29, 2020 due to a force majeure event declared by Petronas, also bagged another contract with the oil major and returned to work.

OE Digital wrote that Pacific Drilling, which earlier this month emerged from bankruptcy, said last week that Pacific Santa Ana had returned to Mauritania as part of Petronas' plug and abandonment project in the country, and started operations on Dec 31, 2020.

The full day rate for the rig is US$296,000, of which the rig's contract with Petronas is set to last until 3Q21.

The day rate includes an integrated services package provided as part of the plug and abandonment project, which is subject to reductions if integrated services activities contracted are not required, based on Pacific Drilling’s fleet status report dated Jan 12, 2021.

Lam Jian Wyn