Alwilco drilling rig contract status

Awilco Drilling said Thursday that an arbitration tribunal had ruled in its favor in its second case against Singapore-based Keppel FELS over a rig contract termination. It lost the first in April 2023. Awilco Drilling in 2018 ordered a harsh environment semi-submersible drilling rig from Keppel FELS. [pdf]

FAQS about Alwilco drilling rig contract status

What happened between seatrium New Energy Limited and Awilco Rig 2?

Subsequently, an arbitration award was received in November 2023 for another arbitration between Seatrium New Energy Limited and Awilco Rig 2 Pte. Ltd. (“AR2”), a sister company of AR1, in respect of the contract executed in March 2019 for the construction of a repeat midwater semisubmersible drilling rig, B382.

When did Keppel FELS vs Awilco arbitrate?

In April 2023, the Court of Arbitration ruled in favor of Keppel FELS in the Nordic Spring arbitration on the basis of relevant evidence submitted by Keppel FELS and Awilco’s subsidiary Awilco Rig 1 (AR1), while in November the Court of Arbitration ruled in favor of Awilco’s subsidiary Awilco Rig 2 (AR2) in the Nordic Winter arbitration.

Does Awilco have a financial impact on seatrium new energy?

The US$57 million settlement will flow directly from Rigco to AR2. Hence, there is no financial impact nor working capital exposure to Seatrium New Energy or the Group. Awilco is said to have emptied its drilling fleet in June 2022 following the sale of its rigs.

What happened to Awilco & seatrium?

Awilco is said to have emptied its drilling fleet in June 2022 following the sale of its rigs. In contrast, Seatrium has already bagged a number of offshore contracts for floating production, storage and offloading (FPSO) units, semi-submersible FPUs, and a number of repair and conversion agreements.

Run casing drilling rig

Before starting casing, the drilling supervisor should hold a pre-job safety meeting and confirm the following with the crew: 1. Remove unnecessary tools. 2. Good Housekeeping before the job 3. Rig up Casing handling equipment: Using appropriate hand. . A circulation sub, fitting the casing thread, equipped with a WECO connection, shall be readily available on the rig floor at all times during casing running. [pdf]

Elevator drilling rig

Drill pipe elevators for USC with taper shoulder and square shoulder weld-on tool joints shall have bore dimensions as specified in Table 1. Notes on Table 1: Oilfield elevators with identical bores are the same. 1. * Not Manufactured. 2. ** Obsolescent connection. 1. 1 Dimension DTE from API Spec. 7, Table 4.2 2. 2. . A very close fit of the hinge pin and pawl significantly affects the correct functioning of an elevator – especially the center-latch elevator. If there is play in the hinge, the elevator tends to. . In addition to the side-door elevator, single-joint and slip-type casings are used in running casing. We use a single-joint elevator (Figure 7) to. . Since both care and inspection procedures depend primarily upon the amount of service the equipment has had, it is challenging to project. . The following checks apply to all types of elevators. For a quick reference to critical points of the drill pipe elevators, see Figure 29. 1. Is the oilfield elevator size correct? 2. Are the dies of slip-type elevators sharp? 3. Are the hinge pin or holes worn? 4. Are. [pdf]