Report: Ensco wins North Sea work for jack-up rig

  • Business & Finance

UK-based offshore driller Ensco has reportedly secured a contract for its Ensco 122 jack-up drilling rig in the Dutch sector of the North Sea.

According to VesselsValue, Dutch national oil company NAM will take the rig on a five-month drilling contract starting October 1 and ending February 28, 2018.

The reported contract dayrate is around $100.000, meaning the contract in full would be valued at around $15 million.

The Ensco 122, built by Keppel in 2014, is currently working for Ithaca in the UK sector of the North Sea on the Harrier development. According to Ensco’s latest fleet status report, the rig is expected to complete the contract with Ithaca in August.

Ensco 122’s first contract upon delivery was also with NAM back in 2014. Under the original contract with NAM, the rig had been used for drilling in the Dutch and UK sector of the North Sea starting in the fourth quarter 2014 until the fourth quarter of 2016, at a dayrate in low $230.000s range.

Offshore Energy Today Staff

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