Total books jackup for long-term North Sea duty

Offshore staff

LUXEMBOURG – Total E&P UK has issued a conditional letter of award to Prospector Offshore Drilling for use of a newbuild jackup in the UK North Sea.

PROSPECTOR 5 is under construction at the Shanghai Waigaoqiao Shipbuilding Co. shipyard in China.

Assuming ratification by Total’s partners, the contract would have an initial firm duration of 1,095 days, extendable by two 12-month periods. Drilling is expected to start by early summer 2014.

Prospector Offshore estimates revenue from the initially agreed term at $249 million, including the mobilization fee.


Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...