Kosmos Energy, Pura Vida to share drillship offshore Morocco
- Business & Finance
Pura Vida Energy NL and Kosmos Energy will share a drilling rig off the coast of Morocco.
Pura Vida said that it would use the drillship for the drilling of two wells in the Mazagan permit, 100 km offshore Morocco.
The Atwood Achiever is contracted to Kosmos Energy under a long term hire arrangement. Under the rig share agreement with Kosmos, two slots have been assigned for the drilling of wells in the Mazagan permit.
The first of these slots will be used to drill the Toubkal-1 well and is expected to commence in January 2015. The second slot will be in 2H 2015.
Pura Vida’s Managing Director, Damon Neaves, said: “We are now two years into the work program for the Mazagan permit. Securing the rig for the two well drilling campaign is a major milestone which allows us to test key prospects and provides the opportunity for an early assessment of the value of the permit.”
Currently under construction in South Korea, the rig is scheduled for completion in June of 2014 and expected to commence drilling operations in the second half of 2014.
The Atwood Achiever is a 6th generation ultra-deepwater, dynamically positioned drillship with enhanced offline capabilities and two BOP systems. The rig’s capabilities include drilling to total depths of up to 40,000 feet, and in water depths of up to 12,000 feet.