Equinor ASA has chosen the drillship Valaris DS-17 for the Raia undertaking in Brazil’s Campos Basin.
The Norway-based firm stated in a information launch it awarded a drilling contract to Valaris, represented by Ensco UK Drilling Restricted and Ensco do Brasil Petróleo e Gás LTDA. The general contract worth is estimated at $498 million, which features a hole interval, mobilisation, modifications and built-in providers.
DS-17 is an ultra-deepwater drillship able to working in water depths of greater than 11,811 toes (3600 meters). Drilling actions are deliberate to start in 2026, concentrating on to drill six wells main as much as manufacturing beginning in 2028.
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Through the hole interval between the drillship’s present scope for the Bacalhau area and the Raia undertaking, the drillship could also be obtainable for different work. The contract additionally consists of two choices, in line with the discharge.
“We’re happy to safe a drillship for the necessary Raia undertaking. We can be working collectively to realize secure and environment friendly operations, and we sit up for strengthening our cooperation with Valaris. We can be constructing on our experiences from Bacalhau within the subsequent years to return,” Mette Ottøy, Equinor Chief Procurement Officer, stated.
As well as, Equinor has, on behalf of undertaking companions Repsol Sinopec Brasil and Petrobras, awarded SLB, Baker Hughes and Halliburton agreements for drilling and properly providers for the Raia undertaking price round $109 million in whole. SLB would be the foremost service provider, with complementary providers offered by Baker Hughes and Halliburton.
Raia is among the most important fuel tasks in Brazil underneath growth. Situated within the pre-salt area of Campos basin, roughly 124.3 miles (200 kilometers) from shore, in water depths as much as 9,514 toes (2900 meters). It incorporates pure fuel and oil/condensate recoverable reserves of above one billion barrels of oil equal (boe), Equinor stated. Raia can be a key contributor to the additional growth of the Brazilian fuel market, with the potential to offer as much as 15 p.c of whole fuel demand in Brazil.
“Raia is a part of the following era of tasks within the Equinor portfolio. It’s going to have a major worth for the house owners whereas it contributes domestically with vital ripple results. Our goal is that we maintain bringing power for individuals and progress for society, all the time looking for higher applied sciences, partnerships and options” says Veronica Coelho, Equinor’s nation supervisor in Brazil.
Equinor is the operator of the asset with a 35 p.c curiosity, with Repsol Sinopec Brasil holding 35 p.c and Petrobras holding 30 p.c. Discoveries in Raia have been made by Repsol Sinopec in 2010, and Equinor grew to become the operator in 2016.
Earlier within the month, Equinor and its companions put onstream the Kristin South space within the Norwegian Sea, anticipating to supply 58.2 million barrels of oil equal within the first section of growth. The estimated restoration within the first section consists of 6.2 billion cubic meters (219 billion cubic toes) of pure fuel and 1.9 million cubic meters (67.1 million cubic toes) of oil.
Equinor operates the undertaking with a 54.82 p.c stake by Equinor Vitality AS. Norway’s state-owned Petoro AS holds 22.52 p.c, Vår Energi ASA owns 16.66 p.c and TotalEnergies EP Norge AS has the remaining six p.c.
To contact the creator, electronic mail rocky.teodoro@rigzone.com
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