Transocean rig leaves for UK North Sea well

Transocean rig leaves for UK North Sea well

Independent Oil and Gas (IOG) informed on Wednesday that the rig hired to drill the Skipper appraisal well, located in the UK North Sea, is being towed to the drilling location.

IOG recently said the well would be drilled with Transocean’s 1974-built semi-submersible rig Sedco 704.

The rig is now on contract with the oil company and operations are anticipated to start on Friday, July 22, 2016.

Skipper lies in Block 9/21a in license P1609 in the Northern North Sea and IOG is the 100% owner. The appraisal well is expected to take approximately 22 days to drill.

IOG further added that the loan agreements signed in December last year with GE Oil & Gas UK for £2 million and London Oil & Gas, part of London Group, for £2.75 million and £0.8 million have been extended to December 20, 2017, in line with a number of other service and equipment contractors on deferred payment terms for all or part of their costs on the Skipper well.

Related News: Transocean’s new drillship lands Gulf of Mexico

A newbuild ultra-deepwater drillship owned by the offshore drilling contractor Transocean has reportedly arrived to a Gulf of Mexico location where it will operate for the oil giant Shell.

According to Upstream, the Oslo-based oil & gas news source, the drillship named Deepwater Proteus is about to start its ten-year contract with Shell in the Gulf of Mexico. The drillship will operate for the oil major on a dayrate of $519,000.

Vessel Finder shows the rig is currently located offshore Louisiana.

According to Transocean’s fourth quarter report issued in February, the drillship was delivered to the offshore driller during the quarter by the South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME).

At the time, Transocean said the drillship was expected to be placed into service in the second quarter of 2016.

Back in 2012, Shell hired Transocean’s four drillships, all ordered at DSME, for ten years each. One of these drillships, the Deepwater Thalassa, started its contract with Shell in the U.S. Gulf of Mexico in February 2016.

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