Petroleum Africa
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Friday, May 10, 2013
The contract for use of the drillship Deepsea Metro I has been extended by Ophir Energy for drilling offshore East Africa. The extension is for an additional 18 months for use in a continuous drilling program in Tanzania and Kenya.
Ophir also entered into a letter of agreement for a rig share assignment with BG Group for the continuation of its 2013-2014 East African offshore drilling program
By extending the DSM-1 contract, Ophir said that the parties would save on the cost of mobilizing a drillship from another region, thereby reducing the effective day rate.
Nick Cooper, CEO of Ophir Energy, commented: “We are very pleased to secure the extension of the Deepsea Metro I drillship, which has already been operating safely, efficiently and successfully for the Ophir-BG Group JV for 17 months.”
“This will provide continuous exploration and appraisal activities in Tanzania through 2013 and 2014 and, in particular, enables us to plan for tests of the outboard prospectivity of block 1 and block 7 in September and November 2013 respectively.”
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