Shell charters Valaris rig for Namibia, Sao Tome exploration

Valaris has agreed to provide its Valaris DS-10 rig for Shell’s upcoming exploration in Namibia and Sao Tome & Principe.

The drilling company said it had won two one-well contracts from Shell Namibia Upstream and Shell Sao Tome and Principe respectively.

It has not yet confirmed timing, although it is expected to start in the fourth quarter of this year.

The DS-10 will drill the first well in Namibia and then will immediately follow with work in Sao Tome. Each contract is expected to last for 60 days.

The Shell exploration programme follows on from its acquisition of assets from Kosmos Energy. The two companies announced a deal in September 2020, worth up to $200 million.

Drilling in

Shell took operating equity stakes in seven exploration licences in total. These were Block 42 in Suriname; Blocks 6,10,11 & 13 in Sao Tome; PEL39 in Namibia; and Northern Cape Ultra Deep (NCUD) in South Africa.

In Namibia, PEL 39 covers Blocks 2913A and 2914B. Qatar Petroleum (QP) took a 45% stake in the licence in April, leaving Shell with 45% and state-owned Namcor 10%.

Click on the link below for full report

Source: EnergyVoice

Leave a Reply

Your email address will not be published.