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Turkey’s nationwide oil and gasoline firm TPAO has taken supply of its new, seventh technology drillship, the Cobalt Explorer, acquired from the South Korean shipbuilder Daewoo Shipbuilding Marine and Engineering.
The acquisition of the Cobalt Explorer has expanded TPAO’s drillship fleet to 4 models, including to the three sixth-generation drillships, Fatih, Yavuz, and Kanuni (beforehand referred to as Sertao).
Turkish power Minister of Power and Pure Sources of Turkey, Fatih Dönmez confirmed just lately that the drillship had arrived in Turkey. He stated the drillship would bear a two-month preparation interval at Taşucu Port, after which it might begin its first drilling operations.
In response to VesselsValue, DSME bought the Cobalt Explorer to TPAO in November 2021 for $180 million.
Again in October 2019, Northern Drilling canceled a resale contract for the seventh technology ultra-deepwater drillship West Cobalt, which had been scheduled for supply from DSME in 2021.
Price noting, the drillship was first ordered by Vantage Drilling for scheduled supply in 2015, however the order was canceled. John Fredriksen’s Northern Drilling then exercised a $350 million possibility to amass the drillship in April 2019, solely to cancel the order in 2019, citing “varied causes together with repudiatory breach of contract by DSME.”
The brand new proprietor, TPAO, shall be hoping that the Cobalt Explorer will be capable of replicate the drilling outcomes of the Fatih drillship, which final yr discovered 405 bcm of pure gasoline within the western Black Sea area’s Sakarya discipline, within the nation’s largest ever offshore discovery.
Homepage picture credit score: V. Tonic/MarineTraffic.com
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