Tildelt riggavtale på inntil åtte år

Okea har tildelt en rammeavtale til COSL Drilling Europe, som blir selskapets eksklusive tilbyder av halvt nedsenkbare borerigger på norsk sokkel.

Okea Cosl

- OKEA expects to take a number of drill decisions in the coming months and this frame agreement secures the options we and our licence partners need for efficient and cost-effective rigs for both development and exploration drilling in the coming years. We are very pleased to have entered into this frame agreement with COSL, which provides the flexibility and predictability we need at attractive rig rates, comments Erik Haugane, CEO of OKEA.

A four year-long frame contract has been signed by COSL Drilling Europe AS with OKEA ASA for the use of COSLs energy-efficient drilling units at the Norwegian Continental Shelf (NCS). In addition, OKEA has the right to exercise up to 4x1 year options, which gives a potential of a total contract length of eight years.

As part of the agreement, COSL Drilling Europe (COSL) will be the exclusive drilling rig provider of OKEA for operations at the NCS and with a flexibility in terms of which of COSLs identical and energy-efficient rigs to be used.

- We are happy to announce this agreement for providing drilling services for OKEA on the NCS. This joint partnership will set a new industry standard when it comes to low-emission and efficient drilling operations. We are excited in how the operator with this agreement demonstrates confidence in our employees, our rigs and our organization to deliver efficient and high-end drilling performance, says Frank Tollefsen, CEO of COSL Drilling Europe.

COSLs rig portfolio has a track record of having the most efficient and best performing rigs of the North Sea, with Energy Control Systems already delivering substantial reductions in CO2 and Nox. The rigs are compact, smart deck-layout, with low personnel on board (PoB) and operated by a highly competent and experienced team.

- Our rigs are already best in class in terms of emissions and fuel efficiency, and we have now taken the next step by installing an advanced system for energy control. This will provide a reduction up to 25-50 percent on already very low fuel consumption levels. This is increasingly demanded in the market as it helps operators to meet its climate goals, Tollefsen says.

The first well commitment to tilize this agreement is expected to be in conjunction with the expected Final Investment Decision on the Hasselmus project, a gas tie-in to the Draugen field.