2 JACK-UP DRILLING RIGS
Drydocks World is set to build two new jack-up drilling rigs for Malta Oil & Gas as part of an agreement.
According to Drydocks, the company will build the rigs based on Gusto MSC CJ54-X135-A design.
Drydocks World and Maritime World chairman Khamis Juma Buamim said: "There is a great demand for new offshore drilling rigs in the rapidly evolving upstream oil and gas sector.
"Our strategy to contribute to the growth of this sector has paid rich dividends."
With dimensions of 76m x 76m and leg length of 180.6m, the units are intended for operation in water depths of up to 450ft.
The units comprise a triangular shaped hull with three open truss legs, rack and pinion type elevating systems, and leg-to-hull fixation systems.
With a capability to drill high-pressure, high-temperature (HPHT) wells, the rigs are equipped with permanent accommodation for 150 people, a heli-deck suitable for the use of an S61N or S92 helicopter and a retractable X-Y type cantilever carrying the drilling derrick.
Drydocks World, which is undertaking a strategic development in its rig business from repair, refurbishment and rehabilitation to new building, ensures that the operational excellence cycle is adhered to at all levels of production.
Drydocks World is said to use processes that are based on industry best practices laying out the requirements and procedures for meeting health, safety and environmental objectives.
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IEA - For the third consecutive year, global energy investment declined, to USD 1.8 trillion (United States dollars) in 2017 – a fall of 2% in real terms. The power generation sector accounted for most of this decline, due to fewer additions of coal, hydro and nuclear power capacity, which more than offset increased investment in solar photovoltaics.
EIA - Crude oil production from the major US onshore regions is forecast to increase 143,000 b/d month-over-month in July from 7,327 to 7,470 thousand barrels/day , gas production to increase 1,066 million cubic feet/day from 69,466 to 70,532 million cubic feet/day .
U.S. FRB - Industrial production rose 0.6 percent in June after declining 0.5 percent in May. For the second quarter as a whole, industrial production advanced at an annual rate of 6.0 percent, its third consecutive quarterly increase. Manufacturing output moved up 0.8 percent in June.
U.S. DT - The sum total in May of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC inflow of $69.9 billion. Of this, net foreign private inflows were $58.8 billion, and net foreign official inflows were $11.1 billion.