UK oil giant BP has declared the first two options under a contract for use of the semi-submersible drilling rig Blackford Dolphin in the UK North Sea.
The rig is owned by Dolphin Drilling Ltd., a subsidiary of Fred. Olsen Energy.
BP hired the semi-submersible rig for a one well plus four options contract in January 2018. The contract is scheduled to start in May this year.
Fred. Olsen said on Thursday that the estimated contract value for the two options, with a total anticipated duration of around 60 days, is GBP 5.9 million ($8.2 million).
The 1974-built drilling rig of an Aker H3 design underwent a major deepwater upgrade in 2006/2007. The rig completed its five-year CRS in 2014 and it is now smart stacked in Flekkefjord, Norway.
Smart-stacked rigs are preserved, maintained, kept warm by regular integrated system testing and Class Renewal Survey (CRS) investments are postponed.
Offshore Energy Today Staff