ADC Energy bags three contract extensions for rig inspection services
A specialist provider of dynamic integrated rig inspections, ADC Energy, has secured three global contract extensions for the delivery of specialist rig inspection services to three exploration and production companies in Europe, Africa, and the Gulf of Mexico.
ADC Energy reported on Tuesday that it had been awarded significant contract extensions to deliver its rig inspection, selection and audit services for three major E&P companies, including Tullow Oil.
ADC claims that it has completed projects worth more than £8 million (over $10.5 million) with the trio of operators in the last three years. These contract extensions will enable the business to continue providing its specialist integrated rig inspection services to assets across Europe, West Africa and the Gulf of Mexico.
Elaborating on the first contract extension, the company explained that it has been supporting Tullow Oil for ten years while working closely with its rig team to collaborate across complex onshore and offshore projects in Africa.
Austin Hay, director at ADC Energy, remarked: “After a decade of working together, we are thrilled that Tullow Oil has extended our relationship and expanded our work scope to deliver ongoing operational assurance and onboard support.”
Therefore, the continuation of the contract will extend the relationship between these two companies for a further two years. To fulfil this contract, ADC will continue delivering operational assurance, rig intake and acceptance services.
It will also conduct performance monitoring of a seventh-generation drillship as part of the work scope. This includes blowout preventer (BOP), control systems, root cause analysis in the event of equipment or system failure and the rig’s condition-based monitoring maintenance system to ensure the asset’s ongoing efficiency.
The firm’s personnel in the region will provide 24/7 onboard support and act as the technical focal point for the duration of the rig contract.
Moreover, ADC also secured a five-year extension with an undisclosed supermajor for the provision of rig acceptance and inspection services. The firm has supported this supermajor with projects in the UK and Ireland since 2012, in addition to campaigns in Canada and Mexico.
ADC confirmed it will provide a full suite of services for the new project, secured through competitive tender. The services entail rig selection, new build rig shipyard assurance, crew training and competency management system assessments, incident investigations and marine assurance.
According to the firm, the third contract extension will see it deliver a similar technical scope for a major E&P organisation for a further two years, following a successful three-year contract.
“As the energy industry continues to focus on gaining greater efficiencies, our expertise is ideally placed to support E&P companies’ demands, ensuring assets continue to operate safer, cleaner and more efficient,” concluded Hay.
In its pursuit of finding more efficient ways of supporting its customers through the demands and challenges of the energy transition, ADC in October 2021 discovered an upgrade to dynamically positioned (DP) rigs power systems, which could reduce carbon emissions by almost 5,000 tonnes per annum.
The firm explained the enhancement provides operators with greater maintenance schedule flexibility if the number of engines required to be online at one time is lowered.
It is also worth reminding that ADC Energy announced its latest win in the LNG sector in September this year, explaining it is accelerating its strategic diversification plan, after securing a contract with a U.S.-based global infrastructure organisation.