Equinor has awarded COSL Offshore Management AS a contract to drill four wells on Statfjord Øst with the COSLPromoter rig from the spring of 2023.
The contract value is calculated at around USD 56M for the fixed part of the contract, which has an estimated duration of 220 days.
The value includes drilling and completion services, fuel, treatment of wastewater, handling of cuttings and upgrading of the rig by installing an automatic drilling control system. Additional services include running of casing, remote-operated vehicle (ROV), mobilization and demobilization, calculated at around USD 4M.
After the preliminarily planned work programme has been completed, the intention is to extend the cooperation by continuing options. Prior to the planned work programme, options for any other tasks have been agreed. The COSLPromoter rig is currently in hot lay-up at the CCB base outside Bergen.
The rig will have a key role in Equinor’s commitment to extending the life of late-life fields (FLX), where safety, efficiency, new ways of working and low emissions are central to maintaining a profitable operation.