COSL Drilling Europe has been able to rescue to of its rigs from warm stacking this month. The company announced a new contract from Lundin Norway for the use of the COSLInnovator to drill one well, with the addition of an option of eight wells.
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COSLInnovator. Image from COSL. |
The contract, which is subject to partner and board approval, will start in March 2018.
Last week, COSL Drilling Europe announced a letter of intent with Nexen Petroleum for the use of COSLPioneer on the British shelf in the North Sea, which is set to begin in Q1 2018.
The two rigs, which are currently in warm stack at CCB outside of Bergen, are modern sixth generation DP3 rigs.
“We now have two drilling rigs that will be started and staffed during the next six to eight months. This is good news for our own organization, but also for the rest of the industry,” says Jorgen Arnesen, CEO of COSL Drilling Europe.
“Our rigs are identical in design and have all delivered very good and consistent operations. We find that they are attractive in todays marked. This is due to an increased demand for modern and more efficient rigs in both the NCS and British sector. Last year was actually the first year the majority of contracted units were modern unites, and we believe this development to continue,” says Arnesen.
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