Awilco Drilling has signed a letter of intent with Serica Energy for the provision of WilPhoenix for a one well workover on the Rhum field.
The program has an estimated duration of 45 to 70 days and will commence between 1st September and 30th October 2020.
The contract value is estimated at £5.9-9.1 million.
WilPhoenix is one of Awilco Drilling’s two Enhanced Pacesetter semi-submersibles and is equipped for drilling in water depths up to 1,200 ft.
Awilco Drilling also has two new build rigs on order of Moss CS60 ECO MW design equipped for drilling in harsh environments, and independent options for additional two rigs of the same design.
Serica acquired operatorship of Rhum, along with Bruce and Keith in 2018, following a series of deals, including a high-profile agreement with BP.
BP had intended to complete a third well on Rhum, but delayed its plans after Donald Trump decided to impose sanctions on Iran, which owned 50% of the field.
Serica, which bought BP’s stake in Rhum, now intends to finish the job.