Borr Drilling accepted a letter of intent from BW Energy Dussafu (BWE), a subsidiary of BW ƶijϻ, for a drilling campaign offshore Gabon.
Borr’s premium, high-specification jackup Norve will be utilized to drill and complete two subsea development wells. The program has an estimated duration of 140-160 days and is scheduled to start in January 2018.
The Norve, a BMC Pacific class 400 jackup constructed at PPL Shipyard in Singapore, was acquired by Borr in May 2017. This modern unit can operate in water depths up to 400ft and has offline capabilities. The Norve is expected to mobilize from Limbe, Cameroon in December 2017 to its first drilling location offshore Gabon.
“Borr has secured its second commitment in as many months, under challenging market conditions. We look forward to finalizing this contract and working with BWE to deliver excellent operational performance and high-quality wells,”says Simon Johnson, Borr CEO.
In July, BW ƶijϻ and Panoro Energy agreed on a final investment decision (FID) for the Dussafu project, with first oil set for next year.
Dussafu is operated by BW Energy Gabon, a joint venture between BW ƶijϻ (66.67%) and BW Group wholly owned subsidiary Maple Co. Ltd. (33.33%), with 91.67%. Panoro holds the remaining 8.33%.
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