Singapore-based Energy Drilling Management has entered into an agreement with offshore rig operator Seadrill Partners to maintain, market and operate three of its tender rigs, Seadrill-T15, Seadrill-T16 and West Vencedor, starting from February 2021. These rigs are preserved in Singapore, Malaysia, and Indonesia.
Accordingly, the rigs will be actively marketed by Energy Drilling to operators in the region and West Africa who are familiar with the deployment of tender rigs for development drilling on fixed platforms in shallow waters, and Spars and Tension Leg Platforms (TLPs) in deep-waters.
After the transaction, Energy Drilling will market and operate a fleet of six tender rigs comprising of four barge-type and two semi-submersible type tender rigs.
It bears mentioning that Seadrill Partners filed for Chapter 11 bankruptcy at a federal court in Texas in late 2020.
Seadrill Partners is an affiliate of Oslo-listed offshore drilling contractor Seadrill. Founded by Norwegian-born billionaire investor John Fredriksen, the Seadrill group of companies grew to become the world’s most valuable drilling firm before a crash in oil prices in 2014 sent the company into restructuring.
(Sources: Energy Drilling; Offshore Energy Today)