Global Land Drilling Rigs Tracker

Westwood’s Global Land Drilling Rigs Tracker

Each month Westwood’s onshore team provides a global update on onshore drilling rigs, with data sourced from and analysed using, Global Land Rigs. Bookmark this page for regular updates on onshore drilling rigs.

Updated – 7th November, 2023

• Sinopec reported that on 26 October 2023 it completed drilling of Asia’s deepest onshore well, the Yuejin 3-3XC. Drilling commenced on 1 May 2023 and attained a total depth of 9,432 m in an operation that lasted for 177 days. This well is part of the Deep Earth 1 project in the Tarim Basin and the company hopes that this operation will lay the foundation for improved technologies and equipment manufacture to drill more ultra-deep wells ( >10,000 m depth). 
• China’s Ministry of Natural Resources (MNR) has announced an auction for exploration and development rights of 13 onshore blocks, covering a total of 12,860 sq km, in Xinjiang’s Tarim, Jungar and Turpan basins. Bidding closes on 7 December 2023 and bidders must be registered in China and have minimum net assets of 300 million yuan (US$41 million). The initial exploration period is five years with the possibility of a five-year extension. Within three months of securing the licence, the winning bidder must submit an exploration implementation plan to the MNR for regulatory filing. 
• The Queensland Government has announced a new Frontier Gas Exploration Grant Programme to support exploration and appraisal activities in the Bowen and Galilee Basins. This is a two-year funding programme offering approximately US$ 13.5 mn (AUD$ 21.045 mn) to players and is aimed at boosting gas supply to the East Coast Australia market. Applications for gas grants close on 31 January 2024 with disbursements scheduled to terminate by the end of June 2025. 
• The Angolan Upstream Regulator, ANPG, has received over 50 bids for onshore blocks in the Lower Congo (CON) and Kwanza (KON) Basins. Bids were submitted by twenty-two foreign and indigenous players, with CON 8 receiving ten bids and CON 2, 3 and 7 attracting 12 bids between them. In the Kwanza Basin, thirty-one bids were submitted between KON 7, KON 10, KON 13, KON 15 and KON 19. KON 1, 3 and 14, however, failed to attract bidder interest. Bids are currently being assessed by the ANPG which is encouraging domestic players participation in hopes of boosting declining oil production.Industry sources report that notable bidders include Afentra, Apex, Corcel, Etu Energias, Serinus Energy, Simples Oil, Sonangol and Tusker Energy.

   

• NOG, has entered two definitive agreements, with separate private parties, for non-operated acquisitions in the Northern Delaware and Appalachian Basins. In the Northern Delaware Basin, the company placed a US$17.1 million deposit to acquire approximately 3,000 net acres in the Lea and Eddy Counties in New Mexico. The Northern Delaware Basin assets include 13 net producing wells, a net well in process and an estimated 26.3 net undeveloped locations which are predominantly operated by Mewbourne Oil (~80%). This acquisition will close in 1Q 2024 with a 1 November 2023 effective date.The company also made an entry into the Appalachian Basin through acquisitions in the Jefferson, Harrison, Belmont, and Monroe Counties in the Ohio Shale Play. These assets target the Point Pleasant/Utica Shale and are currently producing approximately 23 mmcfd (3.8 kboepd) with the company hoping for a slight increase in production in 2024. The deal is expected to close in 4Q 2024 with a 1 November 2023 effective date.

   

• Crescent Point Energy entered a US$2.25 billion agreement to acquire Hammerhead Energy, an O&G producer in the unconventional Alberta Montney formation in Canada. Although no definite closing date has been disclosed this cash and common share deal is expected to be sealed inclusive of US$455 million in net debt. Crescent Point’s President and CEO, Craig Bryksa, highlights that the deal is expected to “provide significant value with premium drilling inventory, infrastructure ownership and scalable market access” positioning the company as the seventh largest E&P in Canada based on production volume from the Alberta Montney and Kaybob Duvernay plays. This deal will add 800 net drilling locations in the Alberta Montney formation to Crescent Point Energy’s portfolio.

Michela Francisco
Analyst, Onshore Energy Services
mfrancisco@westwoodenergy.com

Updated – 13th October, 2023

• ExxonMobil has officially announced the acquisition of Pioneer Natural Resources for US$59.5 billion. This all-share deal is expected to position ExxonMobil as the third-largest oil producer in the Permian shale basin, adding more than 850,000 net acres to the 570,000 net acres ExxonMobil holds in the Delaware and Midland basins. The deal is expected to complete in 1H 2024.
• TotalEnergies is set to sell its 31.23% working interest in the Canadian Fort Hills oil sands mining project to Suncor for US$1.07 Billion. The deal is scheduled to close by the end of 4Q 2023. TotalEnergies also announced that it has finalised the sale of its 50% stake in the Surmont asset to ConocoPhillips for approximately US$2.7 billion with approximately US$0.3 billion due in future contingent payments. This acquisition is effective from 1 April 2023.
• Elixir Energy is set to spud the Daydream-2 appraisal well in late October 2023 in ATP-2044-P, Australia. This well, part of the Grandis Gas Project, is intended to be drilled to a total depth of approximately 4,200 m targeting the Permian/gassy coal seam zones identified whilst drilling the Daydream-1 well.
• RH Petrogas spud the Karuka-1 wildcat using the GW-123 rig. The well, which will be drilled to a proposed total depth of approximately 3,170 m, is expected to take 50 days. The wildcat, located in the Kepala Burung PSC, is targeting a gas and condensate prospect in the pre-Tertiary section of the Salawati basin.
• 88 Energy highlighted that All American Oilfield’s 750 HP rig 111 has been contracted and is currently at the Hickory-1 well where long lead orders are underway prior to flow testing. Flow testing is expected to commence in early 1Q 2024 targeting the Basin Floor Fan reservoir as well as the SMD, Upper SFS and SFS formations. Contingent on a successful flow test of the Hickory-1 well the company will reevaluate the Icewine West Project after a mapping initiative identified a series of SMD prospects. 88 Energy also advanced that during CY2024 it plans to farm-out of Project Leonis where it is considering drilling an exploration well in early 2025/2026.
• Beach Energy has completed plugging and abandonment activity at the Marion-1 exploration well in the Eromanga Basin. This took place on 30 September 2023 following the spud on 24 September 2023, despite oil shows at the wells total depth. Subsequently, on 4 October 2023, the company spud the Bangalee South-1 well in PRL-99 utilising SLB’s,1,200 HP, 184 drilling rig.
• Ukrgazdobuvannya, a subsidiary of Ukraine’s NOC Naftogaz Ukrainy, has announced drilling and commissioning of five additional wells in September, adding approximately 3 kboepd. The five wells are in addition to 53 new wells drilled between January and August which have helped to increase the company’s output to 31 kboepd.

Michela Francisco
Analyst, Onshore Energy Services
mfrancisco@westwoodenergy.com

Updated – 19th September, 2023

• Precision Drilling intends to acquire CWC Energy Services for US$103 mn. Precision’s CEO, stated that the transaction allows expansion of services in Canada and the US with high-quality rigs and field personnel. According to its 2Q financial report, CWC has a fleet of 138 service rigs and 22 drilling rigs operating in Nisku, Alberta and Casper, Wyoming. The sale will realise annual operating synergies of US$20 mn and there is expectation to monetise some US$20 mn of “excess CWC real estate” after the transaction closes later this year.
• Perenco completed its Santuario Noreste drilling campaign in Tabasco state, Mexico. The campaign entailed drilling three new producer wells and three water injectors in the Santuario-El Golpe mature field. The first producer well, which came onstream in April 2023, is producing 2.3 kbpd whilst the second is producing at an average of 1.5 kbpd. Production in the third well is currently being ramped up from approximately 1.3 kbpd. Perenco has reported an aim to further boost output by 2024.
• Industry sources advised that Sonangol is close to spudding the Tobias-13 exploration well on the Kon 11 block, in Angola’s Kwanza basin. The well, which targets approximately 66 mmbbls of light oil at 750 metres, will be the first onshore well drilled in this basin since 1996. It is not clear which rig Sonangol will employ for this operation, but Westwood data indicates that four drilling rigs, ranging between 525 HP and 1,000 HP, are currently in Angola.
• SDX Energy has spud the Ksiri-21 (KSR-21) gas well in the Gharb Basin onshore Morocco. The company intends to drill the well to approximately 1,950 m targeting the Hoot formation. This well is being drilled in a low-risk step-out location and will be immediately put into production, supplying gas to existing customers. SDX Energy’s Managing Director, Daniel Gould, also advanced that the company is accessing the feasibility of drilling additional wells, back-to-back, in hopes of minimizing capex per well, streamlining operational efficiency, and proving sufficient reserves of ‘gas-behind-pipe’ to meet existing and future demand.
• Strike Energy has reported that Ensign’s, 1,500 HP, rig 970 is drilling the South Erregulla-2 (SE-2) appraisal well and has reached a depth of 3,600 m. Total depth of approximately 4,450 m is expected to take 50 days to reach from the 20 August spud date. Strike Energy also received approval for the drilling application submitted for the South Erregulla-3 (SE-3) well in EP-503 and will proceed with drilling the SE-3 and SE-4 wells utilising Ensign’s 970 rig, for which it holds a rig-sharing agreement with Mineral Resources’ until at least October-November 2023.

Michela Francisco
Analyst, Onshore Energy Services
mfrancisco@westwoodenergy.com

Updated – 12th August, 2023

• Saudi Aramco recorded a US$30.1 billion profit in 2Q 2023 amounting to a total US$62 billion profit during 1H 2023. The company attributes this to its low-cost upstream production and integrated downstream operations. Aramco also confirmed that projects for its planned increases of both oil and gas production were progressing as planned. These planned output ramp ups will require a substantial increase in rig demand, with year-on-year growth expected through to 2027. Utilisation of the onshore rig fleet is expected to be at, or close to, 100% through much of the 2020’s with a consistent addition of new land rigs added to the country’s fleet to support activity.
• Industry sources have reported that the Iranian National Drilling Company (NIDC) drilled and completed 36 oil and gas wells from 21 March 2023 to 22 July 2023, an increase of eight wells compared to the same period in 2022. It was clarified that one of these was a development well, and the remainder were workover wells. Thirty of these wells were drilled in the National Iranian South Oil Company (NISOC) operational zone, one in a field supervised by the Iranian Offshore Oil Company (IOOC), two in fields operated by the Petroleum Engineering and Development Company (PEDEC) and three were developed by private contractors.
• Drilling is underway in Rhein Petroleum’s deviated mechanical sidetracked Schwarzbach-2 ( SCHB-2) well. This well is being drilled utilising RED Drilling & Services, 1,250 HP, E202 rig. Once total depth of 2,255 metres has been reached, it will progress with testing the reservoir targets and conducting well completions prior to putting the well on production.
• Precision Drilling highlights the company’s expectations for increased drilling across its areas of operation in the USA and Canada. In the USA, Precision Drilling reported that it signed various rig contract reactivations, which will be valid for this year and into 2024. For its Canadian operations, Precision registered an increase in drilling license approvals from the British Columbian government and the Blueberry River First Nation which should prompt increased drilling activity, especially for their Large pad drilling programmes over the next couple of years.
• Falcon Oil & Gas spud the Shenandoah South 1H (SS1H) shale gas well utilising Helmerich & Payne’s super-spec Flex rig number 3. This is the first of two horizontal wells set to be drilled this year by the company in the Betaloo sub-basin. Drilling is expected to take 45 days, and the well will include a 1,000-metre horizontal section targeting the Amunge Member B-Shale at 3,200 metres.

Michela Francisco
Analyst, Onshore Energy Services
mfrancisco@westwoodenergy.com

Updated – 12th July, 2023

• One month on from its $5.4 billion merger with NexTier Oilfield Solutions, Patterson-UTI announced the acquisition of Ulterra Drilling Technologies in a deal worth $370 million. Ulterra is a designer, manufacturer and provider of Polycrystalline Diamond Compact (PDC) drill bits in the US and also has customers in the Middle East and Asia.​ The deal is expected to close in 3Q 2023 and will be funded by cash in hand and a revolving line of credit.
• Following the spud of the Velociraptor-1 exploration well on 13 June 2023, Petro Matad announced that it completed wireline logging after the well reached its total depth of 1,500m. Well results were unsatisfactory as all reservoirs were water bearing thus it will be plugged and abandoned and Major Drilling’s rig will be released. Well results will be used to interpret further operations in Block V and the company is shifting its focus back to near term oil production in the Heron development in Block XX.
• Nile Drilling and Services (NDS), a subsidiary of South Sudanese Nile Petroleum, has announced the purchase of two workover rigs from Tianjin Dong Fang Xian Ke. This is the second time NDS has purchased rigs from the company having also purchased two rigs in 2019. The workover rigs will be sent to the Paloch oilfield where over 100 wellheads were reportedly damaged due to floods in 2021.
• In its Investor Meet Presentation, dated 5 July, Sound Energy reported that it has received a conditional offer from Calvalley for the financing of its Tendrara project in Morocco. The project, which is already producing 100mcm a year (1.6 kboed) via a micro-LNG development, is due to see a major uplift in phase two with an additional 300mcm a year (4.8 kboed). ​The proposed terms include Sound Energy divesting 40% WI across two licences and obtaining Calvalley funding. This is 40% of Phase 1 costs including back costs of c.$8 million and funding of up to $48 million of SE and Calvalley’s Phase 2 equity funding requirement. It will also be required to carry out 100% of activities at the TE-4 exploration well and advance with additional Phase 1 and Phase 2 capex (if needed). The deal is currently in an exclusivity period during which time Calvalley will undertake confirmatory due diligence and the parties will seek to agree binding transaction agreements.

Michela Francisco
Analyst, Onshore Energy Services
mfrancisco@westwoodenergy.com

Updated – 17th June, 2023

• Arrow Exploration has began completion at the Carrizales Norte-1 well (CN‑1) which was drilled by Petroworks PW-160, 1,500 HP rig at the end of April. The company is putting the C7A and C7 zones on production after they showed favourable reservoir conditions with oil flowing at 1,100 bopd during well testing in the Ubaque pay zone. The company expects the CN-1 well to produce at at least 1,000 bopd, gross.  Once the well has been put in production Petroworks rig will be mobilised to spud the Carrizales Norte-2 (CN-2) well in a 10–12-day operation.
• Matahio Energy has designed a multi-year appraisal and development programme for its six onshore oil and gas assets in the Taranaki basin. This programme is targeting an additional 3.8 mmboe and consists of appraisal of newer fields and infill and step-out drilling in its 100% owned Puka license. Matahio holds 100% participating interest in six licenses and 70% in the two more assets and with this deal the company will operate the Cheal and Sidewinder fields which have a net output of 1,400 boe/d. There are currently 9 rigs in New Zealand however, the company is yet to announce the rig it’s considering for this appraisal and development programme.
• TotalEnergies has expressed interest in kicking off the delayed drilling campaign at the OML 58 onshore block. The company will start the campaign in 2024 with drilling expected to last between two to three years. TotalEnergies is targeting three wells at Ibewa and three workover wells in Obagi. There are currently 30 land drilling rigs in Nigeria which could be potentially employed for this drilling campaign.
• Petroleum Development of Oman (PDO) awarded Galfar Engineering and Contracting (Galfar) with a $726 million contract for the provision of off-plot facilities for the Qarn Alam EOR oil field. The company had previously been entrusted with a field development contract for the Marmul and Harweel oil fields.
• China Petroleum Engineering and Construction (CPECC) won a 39-month production upscale EPC contract for ADNOC Onshore’s Bab, Northeast Bab and Southeast fields. With this contract, ADNOC Onshore aims to increase oil and gas processing capacity from these fields by 20%. The contract also covers adding water and gas injection facilities and the company was granted 15 months to conclude 95% of engineering work.

Todd Jensen
Analyst, Onshore Energy Services
tjensen@westwoodenergy.com

Updated – 17th May, 2023

• Tamboran Resources has contracted Helmerich & Payne’s 469 rig, a 1,500 HP, Flex 3 rig for drilling in the low carbon dioxide unconventional gas plays of the Beetaloo basin. The company aims to start shale gas production in 2025 following the government’s decision to reopen exploration of the Northern Territory’s onshore Beetaloo basin. The company is considering contracting four more H&P rigs for further operations in Australia.
• ADNOC spudded the first well in its first CO₂ to rock drilling campaign. This project will be fully operational in 2H 2023 and entails injecting a mixture of CO₂ and seawater into carbonate saline aquifer deep underground rock formations. This is a partnership with Masdar, Fujairah Natural Resources Corporation and 44.01, an Omani environmental company, and is aligned with the companies $15bn commitment to reducing its carbon footprint across its operations.
• Invictus Energy confirmed the presence of light oil, gas-condensate and helium at the Mukuyu-1 well from mud gas compositional analysis. These results are consistent with wireline log interpretations confirming multiple oil and gas pay zones in the Cabora Bassa basin. Thus far, gas condensates ratios are estimated to fall between 30 to 135 barrels per million cubic feet. The Mukuyu-1 well was drilled utilising Exalo’s 202, 1,200 HP rig.
• Turkish Petroleum (TPAO) made a billion-barrel onshore oil discovery in the Aybuke Yalcın-1 probe. This discovery has a production potential of 100,000 bopd and was made in the 162 metre proven oil play southeast of the Sehit, at a depth of 2,609-2,771 metres. TPAO’s chairman highlighted that this year the company is planning on drilling additional exploration wells in the Sirnak region.
• Sasol announced it has discovered gas at its Bonito-1 exploration well in Mozambique. The well, drilled in Area PT5-C, was drilled to a total depth of 1,934 metres by Marriott Drilling’s Rig 46, a 1,080 HP Drillmec unit. Despite the initial success it is yet to be confirmed whether the well contains commercial amounts of hydrocarbons.

Todd Jensen
Analyst, Onshore Energy Services
tjensen@westwoodenergy.com

Updated – 17th April, 2023

• Omega Oil and Gas has suspended the Canyon-2 well for completion and flow testing after it was drilled to 3,807m, wireline logged and cased. The mud logs and wireline logs both confirmed the presence of hydrocarbons in sands and coals within the Kianga and upper Back Creek Group Formations. SLB’s 185, 1,200 HP rig was released form the Canyon-2 well location and is now being mobilised to spud the Canyon-1 exploration well in mid-May 2023.
• Parker Wellbore has signed contracts for use of the 256 and 165 rigs in Mexico, the operator contracting the rigs is yet to be confirmed, however, the rigs have been contracted previously by Mexoil. Both units are 3,000 HP with OIME drawworks and NOV top drives.
• United Oil and Gas (UOG) commenced drilling the ASD-3 well utilising Sino Tharwa’s 2,000 HP, ST-1 rig. Primary targets are the Abu Roash-E and Abu Roash-C reservoirs whilst the Lower Bahariya reservoir acts as a secondary target. The company intends to conclude drilling and complete within 55 days at a total depth of 3,649m.
• Rhein Petroleum GmbH contracted a fully-crewed RED Drilling & Services GmbH rig for drilling of the Schwarzbach-2 (SCHB-2) development well. The company has set a mid-June 2023 spud date with the rig due to be mobilised in early-2023. Drilling is expected to take 25 days with a total depth target of 2,255m at a true vertical depth of 1,709m. Following this the well will be tested for 12 days.

Todd Jensen
Analyst, Onshore Energy Services
tjensen@westwoodenergy.com

Updated – 17th March, 2023

• The Angolan Secretary of State for the Ministry of Mineral Resources, Oil & Gas has made public that the country has plans to launch a bidding round for twelve onshore blocks in the Congo and Kwanza basins. The blocks on offer are the Con: 2, 3, 7 & 8 and the Kon: 1, 2, 7, 10, 13, 14, 15 & 19 with bidding expected to commence in September.
• Saudi Aramco awarded a long term well testing contract to National Energy Services Reunited Corp (NESR). This will allow the company to apply NESR’s advanced well testing technology on various applications and expand its well testing services. This follows a nine-year wireline services platform contract awarded to NESR on 10 January 2023.
• ADNOC Drilling signed a contract worth $252 million with China Petroleum Technology & Development Corporation for the provision of 10 new build 1,500 HP fast desert moving hybrid power land rigs. Utilising high-capacity battery and engine automation in parallel with traditional diesel generators the new rigs will have 10-15% lower emissions and will support the company’s decarbonisation strategy of a 25% reduction in greenhouse gas emissions by 2030. The first rigs are due to be delivered in Q4 2023. Additionally, the company will lease four land rigs for onshore drilling projects, meaning 14 rigs in total will be added to the ADNOC Drilling onshore fleet, currently standing at 73 rigs including workover units.
  
• ADNOC Drilling and Masdar have signed a 5-year MoU for geothermal drilling where the companies will evaluate ADNOC Drilling’s potential to provide geothermal drilling services. ADNOC Drilling will also provide advisory and technical support services to Masdar as it takes on geothermal energy projects on a global scale. Through this deal Masdar hopes to benefit from ADNOC Drilling’s drilling and completion technologies to generate geothermal energy to thousands of households and office buildings.
• Eni has finalised the acquisition of BP’s 33.15% and 45.89% working interest in In Amenas and In Salah gas concessions in Algeria, respectively. This development comes after the Algerian national and antitrust authorities approved the buyout of these concessions which are jointly operated with Equinor and Sonatrach. This will boost ENI’s equity production to ~130 kboe/d in 2023 given that these concessions produced ~11 billion cubic metres of gas and 12 mmbbl of condensate and LPG in 2021.

Todd Jensen
Analyst, Onshore Energy Services
tjensen@westwoodenergy.com

Updated – 17th February, 2023

• KCA Deutag finalised the acquisition of the Kuwaiti division of Saipem Onshore Drilling, as part of the $550 million deal which will also see Saipem obtain a 10% stake in KCA Deutag. Saipem Onshore Drilling’s Kuwaiti fleet consisted of the 3,000 HP, 5913 and 5946 rigs. KCA is expected to finalise its acquisition of Saipem Onshore Drilling’s Latin American business as well as its fleets in Romania and Kazakhstan on 31 March 2023.
• Webuild has confirmed that they will continue with Clough’s work in the Waitsia 2 onshore gas project, Australia. Concerns were eminent regarding the timely delivery of the Mitsui E&P operated gas project after Clough was acquired by Webuild, following going into administration in December 2022. Webuild will construct a new purpose-built production facility with a daily production capacity of 250 terajoules which Clough had been contracted to build.
• TMK Energy secured one of Major Drilling Group’s rigs for drilling operations in the Pilot Well Program (PWP). This program entails drilling 3 production wells, and the provision of installation pumps, with drilling scheduled to commence in April for eight weeks. TMK was prompted to go ahead with the PWP after results from the Snow Leopard-02 (SL-02) exploration well indicated a strong possibility of an early gas breakthrough and commercially viable production rates. This follows Petro Matad’s announcement on 14 February that it is ready to drill the Velociraptor-1 well in Block V, with a drilling contract already signed with Major Drilling with an initial spud date expected in Q2 2023.
• ADNOC Drilling is planning a two year, $2.5 billion spending spree on drilling rigs to keep in line with the UAEs capacity enhancement programme. The announcement follows the release of ADNOCs annual financial results for 2022, with an additional $1 billion in capex for 2023 and 2024 on top of the original guidance. ADNOC Drilling now expects to increase its fleet to 142 units by the end of 2024, up from a current fleet of 115 units of which 74 are onshore drilling rigs. This drive to increase its rig fleet shows ADNOCs ambition to reach its 5 mmbbl/d production capacity target by 2027.

Todd Jensen
Analyst, Onshore Energy Services
tjensen@westwoodenergy.com

Updated – 17th January, 2023

• ADNOC launched its new gas unit, ADNOC Gas, effective from 01 January 2023. This new division will focus on all processing, operations and marketing and is a joint venture between existing ADNOC Gas Processing and ADNOC LNG businesses. This is a move that will grow its gas production and processing capacity.
• Saudi Aramco has sought expressions of interest for the second phase of its Jafurah Phase 2 development. Aramco stated that at least five EPC packages will be included, following a raft of contract awards in 2021 as part of Phase 1. One package will include a gas treatment, a second will involve utilities and off-site facilities, a third will see work on Jafurah’s gas compression facilities and two pipeline packages will also be on offer, combined requiring more than 830km of pipeline.
• Sinopec has set a new vertical drilling record of 8,866m at its Yuanshen-1 exploration well in the Sichuan Basin by utilising Sinopec’s ultra-deep carbonate drilling technology, which permits drilling in deep hydrocarbon reservoirs. To further explore the deep oil and gas basins, Sinopec unveiled ‘Project Deep Earth’ Natural Gas Base in Sichuan and Chongqing’ in which it will conduct deep E&P activities in collaboration with several subsidiaries.
• KCA Deutag reported three contract extensions in Oman; the 1,500 HP T-849 and T-858 rigs and the 2,000 HP T-899 rig. The T-899 rig will also be electrified, allowing it to be connected to the grid with the aim to reduce annual emissions by 2,550 tonnes. The company also secured a contract for its 2,000 HP T-63 rig to drill two wells in the Kurdistan region in Iraq, while its 1,500 HP T-208 rig won a contract in Europe for 2023.
• Sonatrach has launched a tender for the supply of 18 drilling rigs in Algeria. The tender includes four 2,000 HP and 14 1,500 HP units. Signatures for the contracts are expected to be signed in 3Q 2023.

Todd Jensen
Analyst, Onshore Energy Services
tjensen@westwoodenergy.com