Fossil energy – drilling
Equinor ASA EQNR recently awarded a four-well drilling contract for the Statfjord Øst licence to drilling service provider COSL Offshore Management.
Equinor plans to use the COSLPromoter rig at the site. Drilling of the wells is expected to start in spring 2023.
The contract is valued at around $56 million and is expected to span 220 days. Following the drilling work completion, COSLPromoter will have a five-well option in the Statfjord satellites. Using this rig is crucial for the company’s commitment toward expanding the life of the fields and keeping emissions low.
Equinor has already used the rig for eight years in the Troll field, wherein it started the phase three gas production this August.