Energy Daily-06/16/2026

Research evidence excerpt

Energy Daily-06/16/2026

Energy Daily

16 JUN 2026

Today’s highlights: Rigs: Eni to re-tender in Indonesia, SDRL: Refinances 2030 Commodity prices Last 6 days Last price -1 day -1 week -1 month 18-May1M high 15-Jun1M low

debt at attractive terms. Also covered: ABL, NORAM, BORR/PLSV BrentWTI (bbl)Crude (bbl) $$ 82.880.6 -0.4-0.2 %% -8.6-9.4 %% -20.1-21.5 %% 112.1105.4 80.883.2

Dutch TTF Gas $/MMBtu 14.5 -8.9 % -14.2 % -15.4 % 17.6 14.5

Rigs – Eni to re-tender in Indonesia UKHenryNatHubGasNat Gas $/MMBtu$/MMBtu13.63.1 0.00.8 %% -13.50.3 %% -17.78.9 %% 17.03.3 13.62.9

CO2 price EUR/t 80.0 3.7 % 4.0 % 5.8 % 80.6 74.9• Eni is set to re-tender for the second drillship for the Gendalo and Gandang BrentUK electricity (1M) £/MWh 95.1 -6.0 % -10.0 % -7.4 % 106.0 95.1 and Nat. gas in USD/boe Equivalent** last 3Y CO2 price last 3Y

fields offshore Indonesia USD/boe EUR/t

• In the initial tender, there were two bidders, Seadrill and Valaris. However, 135120 10090

Valaris have only stacked rigs available, which would likely require USD 105 70

150m+ in reactivation costs and a longer lead time 75 60

40• With drillship utilization increasing and 7th gen units close to fully utilized, 50

available options for Eni are limited, particularly if the company aims to 30 3020

maintain a start-up in early 2027 150 100

• Among rigs with open capacity, Deep Value Driller (Eldorado Drilling) stands Jun-23 DutchJun-24TTF Jun-25 Brent Jun-26 Jun-23 Jun-24 CO2 PriceJun-25 Jun-26

out, as it is set to roll off its current Eni contract in 2H’26, and the rig has Last Total return Short Cons. NTM

proven to be successful for Eni over the past years. Whether Eldorado Drilling E&PExxonMobil 6 days Last$ price140.9 -1-4.1day% -1-5.4week% 18.8YTD% interest1.0% 13.1xP/E