Seawolf Oilfields gets N22 billion contract

Seawolf Oilfields gets N22 billion contract

Seawolf Oilfields, has been awarded a N22 billion contract for the supply of a jack up rig to ExxonMobil.
A release Sunday by Seawolf noted that the deal, which was sealed on Friday, will see it supplying its premium jack up, christened ‘JU Oritsetimeyin’, to ExxonMobil for a firm two year term, commencing third quarter of 2013.
“This signing is a significant restatement of ExxonMobil’s high level support of the Nigerian government’s policy of enhancing indigenous content in the Nigerian oil and gas business, signifying Exxon’s continuing commitment to support indigenous companies with demonstrable capacity to operate and endure high specification, capital intensive and operationally challenging sectors of the offshore oil business”, the company said.
It added: “Seawolf Oilfields has come a long way since inception. Its signing with ExxonMobil is testament to how far indigenous players have come in the ownership and operation of offshore oilfield assets, and in earning the trust, confidence and support of the world’s most substantial oil and gas companies.”
The Seawolf’s Oritsetimeyin, in 2009 build had drilled a total of six oil wells for Total Exploration.
Established in April 2007, SeaWolf Oilfields operates three jack up rigs, the Delta Queen, SeaWolf Oritsetimeyin and SeaWolf Onome.
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