Offshore drilling contractor Stena Drilling has nominated a drillship to drill an exploration effectively offshore The Bahamas for Bahamas Petroleum Company (BPC).
BPC stated on Friday it has acquired formal notification from Stena Drilling, in step with the prevailing contract, nominating the Stena IceMAX because the meant drill rig for the upcoming Perseverance #1 drilling marketing campaign.
The notification has additionally indicated the beginning of the contracted window, which begins 15 December 2020, because the approximate time for the arrival of the drillship within the discipline, with an related anticipated effectively spud date some Three – Four days later, as soon as the rig is on station, BPC added.
The Perseverance #1 effectively, which was beforehand purported to be drilled in April however was delayed because of the world Covid-19 pandemic, is now anticipated to be spud previous to Christmas 2020.
Simon Potter, Chief Executive Officer of BPC, stated: “In March 2020, the corporate was inside weeks of commencing the drilling of the Perseverance #1 effectively when compelled to defer operations because of the anticipated impacts of the Covid-19 pandemic.
“As is likely to be anticipated when such a complicated effectively plan is halted so near last implementation, main parts have been already in prepare or sufficiently effectively established such that reactivation is a comparatively simple matter.
“With the readability of the anticipated supply date of the Stena IceMAX into the sector, this work can now be reactivated towards an in depth timetable and progressed”.
Force majeure on account of Covid-19
BPC has an obligation to drill an preliminary exploration effectively previous to the conclusion of the present exploration interval of its 4 commercially conjoined licences within the southern territorial waters of The Commonwealth of The Bahamas.
That interval was on account of expire on 31 December 2020, however is extendable primarily based upon the declaration of drive majeure occasioned by the Bahamian and world response to the Covid-19 virus pandemic.
An interim drive majeure extension of three.5 months has already been agreed with The Government of The Bahamas, thereby extending the time period of the present exploration interval to at the very least mid-April 2021 albeit, given the drive majeure occasion is presently ongoing, BPC expects that the last word drive majeure extension might be prolonged in order to be commensurate with the interval of the persevering with state of emergency in The Bahamas.
At the identical time, the corporate’s long-stated coverage has been to keep away from enterprise drilling actions in the course of the peak of the Bahamian hurricane season, which historically ends in November of every yr.
Accordingly, in the course of the interval of Covid-19 associated shut-downs, BPC sought to reschedule its drilling plans, together with all important provide and repair contracts, together with finance preparations, in the direction of a revised operational goal of drilling Perseverance #1 within the interval December 2020 to April 2021.
BPC signed a drilling contract with Stena Drilling for the supply of a rig for its Perseverance #1 effectively, thereby ditching its earlier plans to make use of a Seadrill-owned rig for this effectively, in May 2020.
At the time, the 2 firms agreed for the supply of a sixth-generation drilling rig, which can be any of the Stena IceMax, Stena Forth, or Stena DrillMax or, topic to settlement, another appropriate Stena rig.
It has now been determined that BPC will use the Stena IceMax drillship.
The particular mobilisation location and actual arrival date of the rig might be confirmed by Stena no later than 30 days previous to the arrival date.
Anticipated effectively spud date might be some Three-Four days after the rig arrives on location within the discipline. This implies that if the rig arrival is on or shortly after…