Robert Eifler : Sure, yes. I mean, my view is that the market is pretty well-balanced right now and that it will continue to be pretty well-balanced going forward. We’ve had eight or 10 rig reactivations announced this year, so that’s good new supply coming into the market. And there’s a few a small handful left, including our Meltem, that we anticipate would come into the market just broadly across the industry, continue to come into the market through 2024 and 2025. Oil companies have — and I mentioned this kind of briefly, but they have been selectively pushing some of the programs to the right. And I think some of that is — in a couple of instances, it’s, I think, been to avoid headline rate, perhaps. And — but I think more broadly, it’s trying to pull together programs, as I mentioned earlier, to get some term, to tender for some term.
I think it’s part of what’s creating this air pocket, takes a little longer to pull together multiple wells than just one or two wells and go to tender on all of it. I don’t know whether — I’m not calling for the last up-cycle level of urgency in the near term. I see this as a relatively balanced market with upward movement on day rates as we move through next year and into 2025.
Kurt Hallead : That’s great. Robert, thanks. Appreciate that.
Operator: And your next question comes from Gregory Lewis with BTIG. Your line is open.
Gregory Lewis : Hey, thanks and good morning everybody and thanks for taking my questions.
Robert Eifler : Good morning, Greg.
Gregory Lewis : Hey, Robert. I realize the ink’s not even dry, and a lot still has to happen before, Chevron can buy Hess, but just given Hess’ position in Guyana with Exxon, do you have any kind of broad thoughts on what that does, or does that change anything or accelerate anything? Just kind of as you think about that changing of a partner, I’m kind of curious if you have any thoughts around that.
Robert Eifler : Sure. I mean, I think all of the most interesting answers obviously have to come from Chevron and Hess. But from our view, we feel we had an excellent relationship with Hess. We have regular contact there, and so we hope that that translates over and would hope to continue that. Looking a little bit outside of that, we, of course, talk a lot about Guyana. It’s very important to us, and we’ve put a whole lot of focus on that operation, and I think the results very much speak for themselves. There’s data that demonstrates our efficiency there, and we think we’ve got some really, really great performance from the rigs down there. So, hopefully, Chevron, as the new owner of that, we’ll see our performance. And that’s a customer that we haven’t done as much work for. So I see it as a potential opportunity, someone who will get a firsthand look into what we’re doing.
Gregory Lewis : Okay. Okay great. And then — congratulations on getting that bolt-on work on the Globetrotter rigs. It was a good update to see. But as kind of we look out in 2024 and really all signs point to, a definite pickup in acceleration, but maybe some of the work that’s kind of being out there doesn’t start up until mid-2024. Any kind of rough way to think about or maybe handicap as we see some rigs roll off contract over the next one, two quarters? Any kind of rough way to think about idle time in between contracts, I’m kind of curious if you have any thoughts around that.
Blake Denton: Yeah. Thanks, Greg. It’s Blake. So maybe the best way would be to walk through a couple of the rollovers. And so if I start with the floaters and you look at the rigs that have options the Stanley Lafosse here in the Gulf of Mexico working for Murphy, we feel good about the prospect of continuing to serve their drilling needs, so not expecting an interruption in service there. Gerry De Souza is a similar story, there for TotalEnergies in — at Nigeria. We don’t want to opine on what their decision will be around that option, but the election is this quarter. We know they have work there. And we believe we’re performing well for them. So we like the prospect there as well. So then when you look out toward the Voyager and the Valiant, pleased to announce, the contract we got with LLOG, on the Voyager that will start around about the turn of the year.
And then there’s options on the back-end of that that if exercised would take it through the end of the year, so feeling pretty good about the Voyager — or sorry, feeling pretty good about the Valiant. The Voyager is available for 2024. It’s wrapping up a program right now mobilizing back to the Americas. And I guess, we would expect with the ongoing dialogue some work that would pick up in the first quarter of next year. The other thing to think about when we’re looking at that rig class is there’s roughly 30% of the forecasted UDW demand next year that still remains to be contracted. So there’s, some awards we think as Robert outlaid in his prepared remarks some awards we expect in the fourth quarter that will provide some more visibility.
Yeah. The only last point I would say and it’s again on the back of Robert’s prepared comments on the Globetrotters and the de-rigs [Technical Difficulty]
Operator: Your next question comes from David Smith with Pickering Energy Partners. David, your line is open. And our final question comes from Pelle Bibow with Clarksons Securities. Your line is open. [Technical Difficulty]
Operator: And for our audience, please stand by. Our speakers are dialing back in. Thank you so much.
Robert Eifler: Hello?
Operator: Yes, thank you. And your next question comes from Pelle Bibow with Clarksons Securities. Your line is open.
Pelle Bibow: Hey, guys. Thank you for taking my question here and congratulations on a stellar quarter. I guess most of my questions have been answered already. So I’m left with the final one on my list here. And I appreciate that you did touch upon this during the prepared remarks as well that my question relates to the North Sea market and particularly the harsh environment jackup fleet. I guess we touch upon this topic every single time we have these calls. But it would be really great if you could give some more color on what opportunities you see going forward for the region. At least on our part where we’re sitting here in Norway, we see some signs with emphasis on some of increasing activity in 2024 and some more in 2025. But an additional color on your end would be really great.
