Inocean has been awarded a contract for the concept and option for FEED (Front End Engineering and Design) studies for Statoil’s CAT I drillship.
The win is the most important contract ever for Inocean, according to CEO Jon Erik Borgen. “Being developed for arctic operations, we are probably speaking of the most advanced and sophisticated unit evolved within drilling operations. Having this opportunity to develop the drillship of tomorrow is a big recognition of our design and engineering capabilities. We also appreciate that a Norwegian designer was chosen by Statoil in a strong competition with several major international players,” he said.
The CAT I drillship will be tailored for the Statoil Arctic Step-up program through suitable winterization, increased capabilities and a hull suitable for operations in ice-infested waters. It is designed to minimize the environmental footprint and arranged with maximum focus on HSE. The design is based on the INO-80 drillship.
The contract win is a result of winning a 6-month design competition, said the company. The contract includes the concept design and option for the FEED, which is planned to go on until the end of 2014.
Recommended Reading
TPH: Lower 48 to Shed Rigs Through 3Q Before Gas Plays Rebound
2024-03-13 - TPH&Co. analysis shows the Permian Basin will lose rigs near term, but as activity in gassy plays ticks up later this year, the Permian may be headed towards muted activity into 2025.
TotalEnergies Acquires Eagle Ford Interest, Ups Texas NatGas Production
2024-04-08 - TotalEnergies’ 20% interest in the Eagle Ford’s Dorado Field will increase its natural gas production in Texas by 50 MMcf/d in 2024.
To Dawson: EOG, SM Energy, More Aim to Push Midland Heat Map North
2024-02-22 - SM Energy joined Birch Operations, EOG Resources and Callon Petroleum in applying the newest D&C intel to areas north of Midland and Martin counties.
Santos’ Pikka Phase 1 in Alaska to Deliver First Oil by 2026
2024-04-18 - Australia's Santos expects first oil to flow from the 80,000 bbl/d Pikka Phase 1 project in Alaska by 2026, diversifying Santos' portfolio and reducing geographic concentration risk.
Comstock Continues Wildcatting, Drops Two Legacy Haynesville Rigs
2024-02-15 - The operator is dropping two of five rigs in its legacy East Texas and northwestern Louisiana play and continuing two north of Houston.