French oil major, Total has engaged ultra-deepwater drillship, Pacific Scirocco on a one-year drilling contract for Egina Deepwater field, located 150kilometres offshore Nigeria, at the rate of $470,000 per day.
Luxemburg-based Pacific Drilling SA, owners of the equipment said in a statement that the ultra-deepwater drillship commenced operations in Nigeria on December 31, 2011.
“The drillship is contracted for an initial one-year term to a subsidiary of Total SA. The contract further provides for options, to be exercised at the client’s discretion, which could result in up to four additional years of contract term,” said the statement.
Pacific Scirocco is capable of operating in water depths of up to 12,000 feet and drilling wells 40,000 feet deep.
The company had earlier contracted another ultra-deepwater drillship, Pacific Bora to Chevron Nigeria for initial three -year contract, with two additional one-year options at $475,000 per day.
According to the company, this represents contractual day rate and does not include revenue recognition for mobilisation or upgrades.
Pacific Scirocco is deployed to Egina oil field, located 150kilometres off the coast of Nigeria.
Egina is the third deep offshore development of Total in Nigeria and the field is currently under development, with production scheduled to begin by 2014/2015.
Located about 20km away from Akpo field, Egina field lies within the block Oil Mining Lease (OML) 130 and covers an area of around 500 square miles, at a water depth of up to 1,750metres.
With the commencement of operation by Pacific Scirocco, Pacific Drilling has stated that its fleet of newest ultra-deepwater drillships are in now service, while two additional drillships have been ordered from Samsung Heavy Industries of Korea for delivery in 2013.
In 2008, Pacific Drilling said it initiated construction of its first four drillships – Pacific Bora, Pacific Scirocco, Pacific Mistral and Pacific Santa Ana.
Pacific Drilling reputed itself as a fast growing company that is committed to becoming the industry’s preferred ultra-deepwater drilling contractor.
The company’s fleet of six ultra-deepwater drillships will represent one of the youngest and most technologically advanced fleets in the world.
The company currently operates four recently delivered drillships and has two additional drillships on order at Samsung.