Norway: Lundin to Drill 12 Wells with Island Innovator Rig

Marine Accurate Well ASA – MARACC has signed a 12 well drilling Contract with Lundin Norway AS for the semi-submersible drilling rig Island Innocator

The contract is expected to provide Island Innovator with minimum of two years of  drilling operations offshore Norway with commencement in the 2nd  quarter of 2013 plus options for 3×4 additional wells.

The value of the initial contract period is expected to be around USD 370 million including mobilization and moving the rig to Norway. Maracc is scheduled to take delivery of its new build semisubmersible drilling and heavy well intervention rig in the 3rd quarter 2012 from the Cosco Shipyard Group in Nantong, China.

The rig will be operated by Odfjell Drilling AS.

Simen Lieungh, CEO of Odfjell Drilling said “The operation of Island Innovator will be an important contribution to Odfjell Drilling’s activity on the Norwegian continental shelf. The contract between the owner Maracc and Lundin Norway AS will mean greater predictability for Odfjell Drilling and our operations in Norway. We will need around 170 employees to operate the rig.

The construction of Island Innovator is being completed at Cosco Shipyard, Qidong in China. Odfjell Drilling has mobilised a follow-up team at the yard that will ensure progress and the quality of the remaining work. The rig will fly the Norwegian flag and will have an Acknowledgement of Compliance (AOC) for mobile installations from the Petroleum Safety Authority Norway.

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Offshore Energy Today Staff, May 17, 2012