Oil and Gas News
Equinor Ready to Begin Drilling Work with Transocean Rig
Equinor has received consent from the Petroleum Safety Authority Norway (PSA) to use Transocean's semi-submersible rig, the Transocean Enabler, for production drilling at the Utgard field in the North Sea, off Norway. The scope of work includes plugging, drilling, and completion of well 15/8-G-1 AH.
The Utgard field is located 20 kilometers west of the Sleipner field center, situated in the central North Sea, spanning the boundary between Norway and the UK. The water depth in the area is 110-120 meters. The field was discovered in 1982, and its plan for development and operation (PDO) was approved in 2017. It utilizes a four-slot subsea template with two wells tied back to the Sleipner T facility for gas processing and CO2 reduction. Production at the Utgard field commenced in 2019.
The Transocean Enabler rig, constructed in 2016, was initially known as Songa Enabler before being acquired by Transocean in 2018. It is designed as a GVA 4000 NCS rig and can accommodate up to 130 people.
The rig is currently under an eight-year contract with Equinor, set to expire on April 1, 2024. However, it recently secured a 19-well contract in Norway at a rate of $377,000 per day, adjusted for foreign currency exchange, plus eight-well options. This new contract for drilling at the Johan Castberg field is estimated to be worth $415 million, with $295 million allocated to the fixed part. The contract will take effect between April 1 and July 1, 2024.