It is reported that the owner of Norway Fredriksen John Atlantic North Drilling (NADL) will be idle a semi submersible drilling platform, Venture West. This semi submersible drilling platform is about to end this month with the Norway State Oil 15 year charter party.
It is
reported that the owner of Norway Fredriksen John Atlantic North Drilling
(NADL) will be idle a semi submersible drilling platform, Venture West. This
semi submersible drilling platform is about to end this month with the Norway
State Oil 15 year charter party.
NADL said,
"Venture West" will be idle in the Norway sea, NADL will be in the
market for this platform to find more job opportunities. Previously, due to the
inability to obtain a charter contract, NADL has been idle its only one ultra
deep water drilling ship Navigator West no..
In addition,
in the fourth quarter, NADL will from Singapore Jurong shipyard receiving a new
West Rigel, semi submersible drilling platform, the drilling platform is also
yet to lease.
NADL said
that due to the oversupply of offshore drilling market, the cost reduction of
the marine industry, the daily rental and fleet utilization rate of the
drilling platform, is expected this year NADL is unlikely to get a new charter
contract. In the next 2 years, in order to ease the supply pressure, there will
be more than 25 years of age in the drilling platform scrap dismantling.