Seadrill Norway Operations Limited has been awarded a contract for drilling two exploration wells for Equinor in the Barents Sea by use of the West Hercules rig. Drilling is scheduled to start in the spring of 2019.
The contract includes options for drilling nine additional wells. The rig is primarily assigned for exploration drilling. The contract is based on a master framework agreement established between Seadrill and Equinor.
The rig owner is responsible for integrated drilling services, such as casing running, remote-operated vessel (ROV), slop treatment and cuttings handling.
“We have already prepared a drilling programme for West Hercules, scheduled to start this autumn. We are now looking forward to continuing our cooperation with this rig. It can do regular exploration drilling, drilling in formations with high pressure and high temperature, it is winterized and can drill in deep waters. The rig is well suited for operations on the Norwegian continental shelf. By signing a framework agreement with Seadrill, we demonstrate that we want a long-term cooperation with this supplier,” says Geir Tungesvik, Equinor’s senior vice president for Drilling & Well Services.
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Pasargad Energy Development Co. (PEDC) is an independent energy company based in Iran. PEDC is an integrated energy company whose activities span the entire value chain including exploration, production, refining, petrochemicals marketing, power generation & renewables as well as new high-tech venture capitalizing. Our headquarter is located in Tehran. PEDC is present across the Iranian continental shelf and international market through its subsidiaries. We create value for our shareholders through active investment, high-level monitoring of our projects, building world-class partnership and managing our risks effectively and making balanced portfolio. Meantime, we contribute to the sustainable development of the energy sector and communities in our country. PEDC’s competitiveness relies upon our values-based performance culture, with a strong commitment to transparency, cooperation and continuous operational improvement. As a wholly owned subsidiary of the Pasargad Financial Group, with Pasargad Bank being a distinctive shareholder, we owe our success to our experience, management knowledge and strong local/international partnerships since 2008. PEDC is committed to maintaining sustainability and being recognized as the strategic partner of choice in Iran’s energy and petrochemical sector.