Eirik Raude set for new West Africa gig

Eirik Raude, West, Africa, gig, Ocean rig, greek, african, dryships, GhanaGreek outfit Ocean Rig is closing in on a new contract for its semi-submersible Eirik Raude, the chief financial officer of parent company DryShips has said

Greek outfit Ocean Rig is closing in on a new contract for its semi-submersible Eirik Raude, the chief financial officer of parent company DryShips has said

Ziad Nakhleh of DryShips said in the call on Wednesday that an unnamed US contractor is ready to take the Eirik Raude on for “a few wells”, according to a report by Upstream sister publication TradeWinds.

Nakhleh said the fifth-generation semisub could fetch a dayrate of more than $500,000 if the deal is signed.

Nakhleh characterised the rate as a bargain compared to what operators are paying for rigs like Eirik Raude that are capable of drilling in harsh conditions, according to the TradeWinds report.

Contract with Tullow

The semisub is currently under contract to Tullow off Ghana. That contract extends through the fourth quarter of this year and comes with a dayrate of $665,000.

Earlier this year Borders & Southern Petroleum signed up for the rig for work off the Falkland Islands from the first quarter next year. However, in May Ocean Rig switched rigs on the contract freeing up the Eirik Raude for a potential new contract off West Africa which now appears close to fruition.

The Eirik Raude was completed in 2002 and was built to the Bingo 9000 design, according to Ocean Rig’s website.

 

The rig is capable of drilling in water depths of up to 10,000 feet.

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