Drilling Work Secured For Ocean Rig Semisubmersible

Published at 10:49AM - 24/02/16

Drilling Work secured for Ocean Rig semisubmersible Leiv Eiriksson, as Lundin Petroleum look to continue drilling offshore across the North Sea sectors.

According to sources, Swedish based Lundin Petroleum have awarded Ocean Rig a deal that will see the Leiv Eiriksson drilling rig work the North Sea throughout 2016.

Drilling Work Secured For Ocean Rig

Both Ocean Rig and Lundin Petroleum refused to comment on the contract; or give any update on the Leiv Eiriksson’s status, reportedly due to end its current contract in March 2016.

However, Offshore Post has been informed that the drilling rig has been signed up to work on at least three wells, with the possibility to extend to a further five.

If confirmed the news will come as a great relief to the company that, only this month, had a long term contract with Premier Oil for the Eirik Raude semi terminated. To See More Click Here

On the downside, information given to Offshore Post indicates that the agreed day rate for the Leiv Eiriksson is likely to be in the region of US$155,000, far lower than its current contracted day rate of around US$545,000.

Leiv Eiriksson Rig

The Leiv Eiriksson drilling rig was delivered 2001 by China Shipbuilding Industry Company’s (CSIC) Dalian No 1 Production Yard, China.

An ultra deepwater semisubmersible, Leiv Eiriksson has an operational maximum water depth of 7,500 feet (2,286m) and a maximum drilling depth of 30,000 feet (9,144m).