AsianOil: ConocoPhillips Sarawak contracts jack-up rig for Malaysian drilling campaign

Units of US independent ConocoPhillips have contracted Icon Offshore to provide a jack-up rig for a multi-well drilling campaign offshore Malaysia that is due to start in the second quarter of this year.
According to a February 11 filing, Icon’s I Oilfield Services subsidiary was issued a letter of award by two units collectively known as ConocoPhillips Sarawak on December 23, 2021. The contract has an estimated value of $9.6mn and involves the provision of the Icon Caren jack-up rig, previously known as the Perisai Pacific 101.
The filing said the rig had been contracted to drill three wells plus one well. It did not clarify any further details, but it appears that ConocoPhillips will have the option to extend the contract to drill one additional well following the initial three-well campaign.
The rig was renamed when it was purchased by Icon from Perisai Petroleum in a deal announced in 2020 for a reported price tag of about $40mn. Icon’s managing director, Datuk Seri Hadian Hashim, was quoted by media as saying that the Icon Caren had been working continuously since April 2021.
Indeed, the rig won a contract from Petrofac in early 2021 for a primary period of 180 days to drill eight wells and an optional three-well extension. In September 2021 the rig secured more work offshore Malaysia, which was scheduled to start in October 2021 for a period of 120 days for four wells.