GSP Saturn Jack-Up Rig Set for Pechora Sea Adventure

GSP Offshore announces that the GSP Saturn jack-up rig will provide offshore drilling services in Pechora Sea, in the south eastern part of the Barents Sea, on the continental shelf of the Russian Federation.

GSP Saturn will carry out operations under a two year contract, 2014 – 2015 with extension option for one year. The rig’s mobilization is scheduled for May 2014. GSP Saturn will enter service in Dolginskoye oil field where it will perform the drilling, logging, completion and testing of North-Dolginskaya № 3 well. The initial contract between GSP and Gazpromneft-Sakhalin involving GSP Jupiter operations in 2013 being postponed, extended and reassigned to GSP Saturn.

“We consider the contract with Gazprom Neft as being a great opportunity for GSP Offshore. GSP Saturn is one of the most technologically advanced GSP’s MODUs, the rig being part of the total of 1.35 billion USD investment plan our company carried out since 2004” said Gabriel Comanescu, President and CEO of Grup Servicii Petroliere.

[mappress]

Press Release, December 20, 2013