Fossil Energy – Drilling Namibia
SFL Corporation has signed a contract with Portuguese operator Galp Energia for the harsh environment semisubmersible rig Hercules for operations in Namibia.
The contract, with an estimated value of about $50 million, is for two wells plus optional well testing and is expected to begin in the fourth quarter of 2023.
Without any options, the duration is approximately 115 days, including mobilisation to Namibia.
Galp Energia plans to drill an exploration well on Petroleum Exploration License 83 (PEL83) offshore Namibia in 2023 or early 2024. PEL83 covers 10,000 square kilometres in the Orange Basin and is located north of recent discoveries in the area.
