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Home›Business & Finance›Vantage jack-up scores new job off E. Guinea
Business & Finance

December 18, 2020 · about 5 years ago

Vantage jack-up scores new job off E. Guinea

Offshore drilling contractor Vantage Drilling has been awarded a contract for one of its jack-up drilling rigs by Trident Energy.

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Sapphire Driller rig - Vantage Drilling

Offshore drilling contractor Vantage Drilling has been awarded a contract for one of its jack-up drilling rigs by Trident Energy.

In its fleet status report this week, Vantage said that the Sapphire Driller has been awarded two firm wells with Trident Energy in Equatorial Guinea.

The Sapphire Driller is a jack-up rig of a BMC 375 design built in 2009.

The contract with Trident also includes five options and is scheduled to start in the second quarter of 2021.

Vantage has not revealed any further details about the contract, including the day rate, but Bassoe Offshore estimates it to be around $75,000.

Trident Energy is an oil and gas company with two producing fields, three exploration blocks, and six platforms in Equatorial Guinea .

The Ceiba field and Okume complex are located in the Gulf of Guinea, in water depths ranging from 50m to 800m.

Trident is the operator of the G Block producing-fields, while Kosmos operates the surrounding exploration acreage: Block S, Block W and Block EG-21.

The Sapphire Driller previously worked for the Italian oil company Eni .

Eni exercised a one-year option on the existing contract for the Sapphire Driller jack-up rig in Congo back in October 2019. This contract started during the second quarter of 2020.

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