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TotalEnergies, the French multinational integrated energy and petroleum company has extended the contract for the semi-submersible drilling rig Deepsea Mira, which has been conducting appraisal work offshore Namibia.
TotalEnergies, the French multinational integrated energy and petroleum company has extended the contract for the semi-submersible drilling rig Deepsea Mira, which has been conducting appraisal work offshore Namibia. The rig operates under contract in Namibia, performing production test work at the Venus-1A appraisal well. Rig owner Northern Ocean said the contract has been extended for 180 days into the fourth quarter of 2024. The extension according to Northern Ocean, provides an additional revenue backlog of between USD 68 million and USD 75 million for the Oslo Stock Exchange-listed company.
The initial contract with TotalEnergies had a firm duration of 300 days, including two extension options. This comes as the French energy giant has allocated almost 50% of its global exploration budget of USD 300 million to Namibia this year, aiming to confirm the multibillion-barrel discovery in Block 2913B (PEL 56) located in the Orange Basin.
Block 2913B covers approximately 8,215 km² offshore Namibia. TotalEnergies serves as the operator with a 40% working interest, in partnership with QatarEnergy (30%), Africa Oil’s Impact Oil and Gas (20%), and Namibia’s NAMCOR (10%). The Venus discovery is a light oil and associated gas field situated in the Orange Basin, approximately 290 kilometers off the coast of southern Namibia, and at a water depth of around 3,000 meters.
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The drilling rig Deepsea Mira is owned by Northern Ocean and managed by the Norwegian drilling firm Odfjell Drilling. The contract with TotalEnergies has a firm duration of 300 days. TotalEnergies has two extension options, which, if exercised, would keep the 2019-built rig busy through all of 2024.
