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Offshore drilling company receives first rig from Chinese shipbuilder

27th September 2013

Luxembourg-based firm receives Prospector 1, the first of two jack-up rigs to work for Total on exploration projects in the North Sea

A Computer image of the Prospector 1
The Prospector 1 has a drilling capability of 35,000 feet and a bulk storage capacity of 18,000 cubic feet of oil

Luxembourg-based offshore drilling firm Prospector Offshore Drilling S.A. on Friday received Prospector 1, the first of two rig deliveries from Chinese shipbuilding company DSIC Offshore to be deployed in the UK sector of the North Sea.

 

The Prospector 1 is the first in the company’s series of six harsh environment jack-up drilling rigs. The self-elevating drilling unit has a drilling capability of 35,000 feet and a bulk storage capacity of 18,000 cubic feet of oil.

 

The rig will now be sent to the UK sector of the North Sea, where it is contracted to work with Total and Elf Exploration on exploration projects.

 

Prospector expects a second delivery from DSIC Offshore at the start of 2014 as well as an option agreement for two more new-build jack-up rigs. The company also has a four rig contract with Shanghai based Shanghai Waigaoqiao Shipbuilding to construct and deliver four rigs from their shipyard from 2014 to 2016, with the option of an additional rig.

 

''Our strategy is to own and operate a modern fleet of high specification jack-up rigs that are capable of working in harsh environments around the world.'' said Robert W. Rose, president and CEO of Prospector Offshore Drilling. ''Taking delivery of Prospector 1 marks a significant milestone on the road to implementing this strategy.''