COSL secures drilling deal with Ithaca Energy

Fossil energy – drilling

Offshore drilling contractor COSL Drilling Europe has secured a long-term drilling contract with Ithaca Energy for well operations on the Abigail well and the Captain phase II development in the central North Sea, offshore the UK.

COSL Drilling Europe will deploy its 6th generation harsh environment semi-submersible drilling rig COSLPioneer for the project.

The rig is currently being mobilized for another UK operator for a short drilling campaign prior to the start of the Ithaca Energy contract. The contract with Ithaca Energy is expected to start in March 2022.

According to COSL, the drilling campaign has a combined work scope with an estimated duration up to the second quarter of 2024. COSL did not share the financial details.

Original Source: https://ocean-energyresources.com/2021/10/01/cosl-secures-drilling-deal-with-ithaca-energy/