Scottish oil and gas decommissioning firm Well-Safe Solutions announced the acquisition of the West Epsilon jack-up rig from Seadrill sparking another job boost for the company.
Built in 1993, the asset is a heavy-duty, harsh environment jack-up with an extensive and enviable operational history in the North Sea.
The news comes following the company’s acquisition of the Well-Safe Guardian in April 2019 and adds to its growing portfolio of bespoke decommissioning assets.
Well-Safe will start work immediately on the newly renamed ‘Well-Safe Protector’ to undertake an upgrade and modification program, ready to deploy the unit specifically for enhanced plug and abandonment projects in early 2021.
Phil Milton, CEO, Well-Safe Solutions said: “The acquisition of this asset allows us to continue to deliver our vision and the business model that we set out to deliver to the industry, giving us the ability to cover both subsea wells and multiple platform projects. We have remained focussed and committed to our strategy and are delighted to have reached this agreement with Seadrill.
This further investment into the business not only strengthens our offering but will drive further recruitment with the creation of around 100 new jobs, which, during these times of great uncertainty within the industry, is welcome news.”