Industry news
In an award issued on 22 May 2015, an international Arbitral Tribunal constituted under the Arbitration Rules of the International Chamber of Commerce (ICC) and comprised of leading international arbitrators Gary Born (Chairman), David A. R. Williams QC and Yves Derains has unanimously agreed ...
VIETNAM: PV Drilling has signed the minutes of discussions with Bach Dang related to the charter of a jackup for the operator's proposed drilling campaign in Blocks 103 and 107 off north Vietnam.  Both parties have agreed on the key points of the charter, including the structure of operating ...
VIETNAM: PVEP has delayed its requirement for a semi tender-assist rig by one year, from May 2010 until June 2011.  The operator intends to launch an invitation to bid some time in 2010, though it has already started a discreet enquiry into the availability for such a unit. The rig will ...
VIETNAM: Santos is studying future drilling plans for the Block 123 in the Phu Khanh Basin offshore Vietnam.  Water depths average 40 msw (132 fsw). Santos plans to carry out a seismic survey this year to indentify drilling prospects. The operator expects to firm up the work scope in ...
VIETNAM: Idemitsu will firm up the work scope for its drilling campaign on Block 05-1b/1c by June when it completes the current work review.  The operator is also looking at alternatives to a rig-share with BP as the latter intends to transfer the operatorship of the nearby Blocks 5.2 ...
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