Singapore-based Energy Drilling to Manage Three Tender Rigs for Seadrill

February 2021

Singapore-based Energy Drilling Management has entered into an agreement with offshore rig operator Seadrill Partners to maintain, market and operate three of its tender rigs, Seadrill-T15, Seadrill-T16 and West Vencedor, starting from February 2021. These rigs are preserved in Singapore, Malaysia, and Indonesia.
Accordingly, the rigs will be actively marketed by Energy Drilling to operators in the region and West Africa who are familiar with the deployment of tender rigs for development drilling on fixed platforms in shallow waters, and Spars and Tension Leg Platforms (TLPs) in deep-waters.
After the transaction, Energy Drilling will market and operate a fleet of six tender rigs comprising of four barge-type and two semi-submersible type tender rigs.
It bears mentioning that Seadrill Partners filed for Chapter 11 bankruptcy at a federal court in Texas in late 2020.
Seadrill Partners is an affiliate of Oslo-listed offshore drilling contractor Seadrill. Founded by Norwegian-born billionaire investor John Fredriksen, the Seadrill group of companies grew to become the world’s most valuable drilling firm before a crash in oil prices in 2014 sent the company into restructuring.
(Sources: Energy Drilling; Offshore Energy Today)

Our Services

Orissa International provides consulting services to companies that want to develop a market entry strategy for Southeast Asia or implement their business expansion into the region. We have very strong domain knowledge of markets and industry sectors, and a business network of over 16,000 distributors, resellers, and system integrators, built through advising and guiding more than 5,000 companies with their market expansion into Singapore, Malaysia, Indonesia, Thailand, Vietnam and the Philippines over the last 25 years.