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OTC: PDVSA is acquiring for the first time ever a new jack-up
Jack-up rig
HOUSTON
Petroleumworld.com, May 9, 2008Venezuela's oil company PDVSA is acquiring for offshore work, a new jack-up rig from Keppel AmFels shipyard in Louisiana for Scorpion Offshore Inc. to work in the Gazprom Urumaco 1 and Urumaco 2 blocks of the Rafael Urdaneta project in the Gulf of Venezuela, a source at the Offshore Technology Conference in Houston said.
The rig the "Offshore Vigilant" will be for PDVSA its first ever new jack-up, it has is own propulsion and is capable of operating in water depths of up to 350 feet, the work will begin in late October 2008 and has been schedule for a minimum of 11 months and will generate approximately US $72 million in revenue.
The Offshore Vigilant, is Skorpion's fourth ultra-premium jackup, and will be delivered in August 2008.
Offshore Vigilant is a deepwater, independent-leg, extended reach cantilever drilling unit. A cantilevered drilling structure allows the rig to drill or work over wells on open water locations, and adjacent to fixed production platforms. The Offshore Vigilant is designed to drill wells to 30,000 feet deep and work in water depths as shallow as 16 feet and up to 350 feet.
The Urdaneta project blocks on the Gulf of Venezuela, North West Venezuela are under license by Gazprom, Chevron, Repsol and Petrobras. So far, the Gazprom and Chevron blocks have shown 26 trillion cubic feet of natural gas.PDVSA is on record saying they said expected to find more than 1 trillion cubic feet of gas, based on seismic data currently been analysis.
Scorpion Offshore is a Bermuda based corporation founded in 2005 to own and operate state-of-the-art offshore drilling rigs. At present the Company operates Jackups in offshore Oman, gulf of Mexico, offshore Brazil, in July 2008 in Vietnam, and beginning in January 2009 in the South China Sea.
Story by Elio Ohep, editor of Petroleumworld
Petroleumworld 09 05 08
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