COSL Offshore Management awarded contract by Equinor

Equinor has awarded COSL Offshore Management AS a contract to drill four wells on Statfjord Øst with the COSLPromoter rig from the spring of 2023. In addition, the rig has options for drilling five wells for Statfjord satellites afterwards. The contract value is calculated at around USD 56 million for the fixed part of the contract, which has an estimated duration of 220 days.

The value includes drilling and completion services, fuel, treatment of wastewater, handling of cuttings and upgrading of the rig by installing an automatic drilling control system. Additional services include running of casing, remote-operated vehicle (ROV), mobilisation and demobilisation, calculated at around USD 4 million.

After the preliminarily planned work programme has been completed, the intention is to extend the cooperation by continuing options. Prior to the planned work programme, options for any other tasks have been agreed. After drilling for Equinor on the Troll field from April 2013 to April 2021, the COSLPromoter rig is currently in hot lay-up at the CCB base outside Bergen.

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