SHELF DRILLING SAYS BYE TO THE TRIDENT XIV
Shelf Drilling reported revenues of $127.4 million for the third quarter of 2020, a 17.8% sequential decrease compared to the second quarter of 2020.Tthe COVID-19 pandemic and the subsequent deterioration in oil price, are impacting the entire drilling industry.
ExxonMobil in March 2020 cut short the contract for the Trident XIV, with the contract ending in July 2020 instead of February 2021.
In these uncertain times Shelf drilling announced that the sale of the Trident XIV was completed.
Trident XIV was a Baker Marine BMC-300 jackup built at Promet Shipyard in Singapore in 1982.
The unit was named Andros and was the first unit of the startup drilling company Techfor. Techfor was created in 1982 by a French entrepreneur based in Singapore, Hubert Perrodo, the son of a French fisherman, who was later to found the Anglo-French oil company Perenco.
The jackup headed to Indonesia and started drilling for Total offshore Indonesia in the Makassar Strait.
In the mid-1980’s Andros was moved to the Dutch North Sea and began drilling for Petroland. In 1992, Hubert Perrodo sold the drilling company to Sedco-Forex owned by Schlumberger, to focus on the acquisition of oil and gas interests, thereby giving rise to Perenco. The Andros was renamed Trident XIV.
In July 1999 Schlumberger decided to spin off its offshore contract drilling unit and unite it with Transocean Offshore based in Houston. The Trident XIV, part of Transocean continued its career in West Africa. By the end of November 2012 Shelf Drilling was formed with the acquisition of 37 jackup drilling rigs from Transocean.
In July 2020, the Trident XIV was stacked in Nigeria after completing its last drilling program for ExxonMobil.
(Image: Jackup Andros (Trident XIV) drilling on Zuidwal platform in the Wadden Sea, Dutch North Sea in 1986/ R.B./energy global news)