STATOIL CONTRACTS WEST PHOENIX TO DRILL FOUR WELLS

March 02, 2018

Statoil and its partners have contracted the West Phoenix rig for exploration drilling on the UK and Norwegian continental shelves from the summer of 2018.
The contract is awarded to the two Seadrill companies North Atlantic Drilling UK Ltd. and North Atlantic Norway Ltd. The semi-submersible rig West Phoenix will first drill an exploration well for the Ragnfrid North licence on the Norwegian Continental Shelf (NCS), followed by three wells on the UK Continental Shelf (UKCS). The rig has been approved by authorities for use both on the NCS and UKCS.
“We needed a high capacity rig, because we will be drilling wells in high-pressure, high-temperature formations. We chose the Phoenix, which is a modern 6th generation dual-derrick rig. Seadrill has rigs suited for our needs,” says Geir Tungesvik, Statoil’s senior vice president for drilling & well.
The Ragnfrid North well has an estimated value of USD 19.5 million, while the value of the three wells on the UKCS is estimated at USD 18.5 million. The figures include integrated drilling services such as fuel, casing running, remotely operated underwater vehicle (ROV), slop treatment and cuttings handling as well as mobilisation and demobilisation.
Ragnfrid North is located in PL199, around 20 kilometres south of the Kristin field in the Norwegian Sea. After completing the Ragnfrid North well, the West Phoenix will move to the UKCS where Statoil will drill three wells. (Source and image: Statoil)