Enviornment Vitality LLC and White Fleet Drilling LLC have mobilized a refurbished WFD 400 jack-up drilling rig within the Gulf of Mexico (GOM).
The WFD 400 will assist drilling and growth actions for Enviornment in addition to plugging and abandonment operations for third-party operators within the GOM for the subsequent 15 to twenty years, Enviornment mentioned in a information launch Thursday. The rig is presently beneath contract and on location performing plugging and abandonment work for a third-party operator within the shallow waters of the GOM, in response to the discharge.
White Fleet acquired the out-of-service rig in 2022 and subsequently moved the rig to Gulf Copper’s shipyard in Galveston, Texas in July. Enterprise Offshore Drilling offered challenge administration providers for an in depth refurbishment of the rig to convey it to operational requirements, together with the set up of state-of-the-art tools, improved security options, and a whole overhaul of the rig’s mechanical methods, Enviornment mentioned. The upgrades will enable the rig to function extra effectively, decreasing downtime and bettering general security, it mentioned.
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“That is vital not just for Enviornment and White Fleet, but in addition for the remainder of the trade”, Enviornment Co-Founder and CEO Mike Minarovic mentioned. “Simply 10 years in the past, there have been thirty-six lively jack-up drilling rigs within the U.S. Gulf of Mexico. With the addition of the WFD 400, there are actually six lively jack-up rigs within the Gulf, and the WFD 400 fills a void for jack-up rigs able to working in 4 hundred toes of water. Partnering with White Fleet to speculate important capital in refurbishing the WFD 400 rig is additional testomony to Enviornment and White Fleet’s long-term dedication to secure and sustainable operations on the Gulf of Mexico Shelf, and the rig represents tons of of good-paying jobs for employees in rural communities all alongside the Gulf Coast”.
“The acquisition and refurbishment of the WFD 400 rig is a major accomplishment for White Fleet Drilling and our companions. This rig will increase the provision of jack-up rigs within the Gulf and can present our prospects with the flexibleness and capability they want”, White Fleet CEO Kalil Ackal mentioned.
In accordance with the discharge, White Fleet was shaped in 2017 as a jack-up rig providers supplier for safer, extra environment friendly, and constant drilling providers to Enviornment and the offshore trade within the GOM. White Fleet Drilling owns and operates three jack-up drilling rigs able to drilling in water depths of 12 to 400 toes, and the White Fleet workforce has drilled over 750 wells within the GOM over the previous 20 years with a monitor document of excellence in security and environmental efficiency, the discharge mentioned.
In January, Enviornment closed the acquisition of Cox Working LLC’s curiosity in two fields situated within the shallow waters of the GOM, in response to an earlier information launch.
The acquisition consolidates Enviornment’s possession curiosity in Eugene Island 330 and South Marsh 128, each of which had been lately acquired from GOM Shelf LLC. The acquired pursuits account for about 1,000 internet every day barrels of oil equal, Enviornment mentioned.
“That is one more vital milestone in Enviornment’s technique to maximise the alternatives within the shallow waters of the Gulf of Mexico”, Minarovic mentioned. “This transaction builds on our current acquisitions from GOM Shelf, LLC. We’re assured that the Enviornment workforce will unlock important worth as we leverage proprietary seismic knowledge to higher perceive these reservoirs to establish future drill wells, and finally improve manufacturing”.
“This transaction—coupled with the current acquisitions from GOM Shelf, LLC, in addition to the leases awarded pursuant to Lease Sale 257—offers a few years of extra stock to permit Enviornment to proceed producing a few of the cleanest barrels for the U.S. and the world”, Minarovic added.
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