The contract is for a one-well program on Perenco’s Inde Field in the UK Southern North Sea, commencing on June 1, 2010 and with an estimated duration of around 40 days. The estimated contract value for the well is approximately $2.9m.
In addition, Perenco has four options to extend the contract to undertake several well abandonments in Blocks 53/04 and 49/29. Exercise of all four options will extend the contract’s duration for an estimated additional 105 days.
Northern Offshore is a Bermuda holding company, which operates offshore oil and gas production and drilling vessels deployed around the world. The company’s fleet consists of one floating production facility and five drilling units (a drillship, a semisubmersible and three jackup drilling rigs).
The Northern Offshore fleet operates in various markets including the North Sea, the Indian Ocean, offshore Russia, the Mediterranean Sea and Southeast Asia. The company also provides rig management services, and is currently operating in this capacity on two semisubmersibles in the Caspian Sea.
