Siccar Point Energy hires West Hercules rig for UK work
- Business & Finance
Offshore driller North Atlantic Drilling Ltd (NADL) has been awarded a one-well contract with Siccar Point Energy E&P (SPE) for Seadrill’s semi-submersible drilling rig West Hercules.
NADL is a harsh environment drilling contractor and Seadrill’s subsidiary who took over management of the rig in 2012.
The driller informed on Monday that the contract with the oil and gas exploration, development, and production company is for work in the United Kingdom, West of Shetland.
The contract will start on April 1, 2018, when Siccar Point Energy will drill and test an appraisal well on the Cambo discovery with the data being used to refine the development project requirements.
Regarding financial details, NADL said that the minimum backlog for the contract is estimated at $7 million.
Siccar Point Energy’s 100% owned Cambo field is located 125 km north-west of the Shetland Islands and lies 30 km south-west of Rosebank and 50 km north of Schiehallion. Siccar Point acquired the field from the takeover of OMV (U.K.) in January 2017.
Cambo was discovered in 2002 and has five wells drilled into the structure so far. The development concept will be focused on a two-phased approach.
Phase 1 will be an early production system (EPS), followed by a Phase 2 full- field development. The initial plan is to drill an appraisal well into the main reservoir sequence and perform an extended well test. According to Siccar, this is currently planned to take place in 2018.
West Hercules is an ultra-deepwater harsh environment semi-submersible drilling rig built in 2008 by South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME).
The rig previously worked for the Norwegian state-owned oil company, Statoil, offshore Canada and was planned to be used on the Aasta Hansteen field off Norway. However, after the start-up of the Aastan Hansteen field was delayed, the rig’s contract got terminated in May last year.
Offshore Energy Today Staff