Anadarko contracts drillships for Mozambique

Anadarko Petroleum Corp. has contracted Dolphin Drilling Ltd. to provide the Bedford Dolphin drillship and a newbuild drillship under construction for four years.

Offshore staff

OSLO, Norway – Anadarko Petroleum Corp. has contracted Dolphin Drilling Ltd. to provide the Bedford Dolphin drillship and a newbuild drillship under construction for four years.

The Bedford Dolphin contract starts Jan. 1, 2012, in continuation of its existing contract with Anadarko. The drillship under construction by Hyundai Heavy Industries is expected to start drilling in 4Q 2013.

The contract values are $701 million and $727 million, respectively. The newbuild contract includes mobilization and a second BOP. Both vessels are expected to support Anadarko offshore Mozambique.

Anadarko operates the 2.6-million-acre Offshore Area 1 with a 36.5% working interest. Co-owners in the area include Mitsui E&P Mozambique Area 1 Ltd (20%), BPRL Ventures Mozambique B.V. (10%), Videocon Mozambique Rovuma 1 Ltd (10%), and Cove Energy Mozambique Rovuma Offshore, Ltd. (8.5%). Empresa Nacional de Hidrocarbonetos, E.P.’s 15% interest is carried through the exploration phase.

11/18/2011

More in Drilling & Completion