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August 24, 2017

Deals this week: Ensco, Ophir Equatorial Guinea

Ensco has secured a contract from Noble Energy to provide its ultra-deepwater drillship ENSCO DS-7 for offshore work in Israel.

Ensco has secured a contract from Noble Energy to provide its ultra-deepwater drillship ENSCO DS-7 for offshore work in Israel.

The scope of the contract includes the deployment of ENSCO DS-7 to drill two wells and complete four production wells at the Leviathan field in the Mediterranean Sea.

The contract is scheduled to conclude by December next year. It also includes four one-well priced customer options, extending the works until 2020 if fully-exercised.

"The scope of the contract includes the deployment of ENSCO DS-7 to drill two wells and complete four production wells at the Leviathan field in the Mediterranean Sea."

Ophir Equatorial Guinea, the Ministry of Mines and Hydrocarbons (MMH), OneLNG, and La Compania Nacional De Petroleos De Guinea Ecuatorial, have selected Gunvor Group as the buyer of LNG from the Fortuna FLNG project located offshore Equatorial Guinea.

Once the sale and purchase agreement has been signed, Gunvor will use the Gandria FLNG vessel’s full contract capacity of 2.2Mmtpa.

The FLNG vessel will be procured on a Brent-linked, free on board (FOB) basis for a ten-year term.

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