SFL signs $170m Canadian drilling contract for Hercules rig

Maritime infrastructure institution SFL has secured a drilling declaration valued astatine astir $170m from a multinational lipid and state relation for the usage of the Hercules semi-submersible rig successful Canada.

The agreement, which covers a minimum word of 400 days, is scheduled to statesman successful the archetypal 4th of 2027.

SFL volition hole the Hercules, presently located successful Norway, for mobilisation to Canadian waters aboriginal this year. Odfjell Drilling volition negociate the rig connected behalf of SFL arsenic portion of the contract.

The Hercules is simply a sixth-generation semi-submersible portion designed for deep-water and harsh situation operations. It features a gangly derrick and dynamic positioning (DP), based connected the GVA 7500 design.

The vas is equipped with a afloat accepted mooring dispersed suitable for h2o depths ranging from 100 to 500m.

It has a loading capableness of 5,200t nether each operating conditions, which reduces reliance connected proviso vessels and enables operations successful challenging locations specified arsenic the Barents Sea during winter.

The portion is besides designed to conscionable winterisation-class standards to enactment enactment successful Arctic conditions.

The rig’s drilling strategy includes a precocious specification Aker MH derrick that allows for offline DP basal and casing gathering activities. The Hercules is designed for planetary operations and is peculiarly suited for exploration and improvement drilling successful harsh environments.

SFL Management CEO Ole Hjertaker said: “We are precise pleased to unafraid a caller charismatic declaration for Hercules on the eastbound seashore of Canada, wherever the rig has worked aggregate times before.

“We spot important request for harsh environment, deep-water susceptible semi-submersibles towards the extremity of the decennary and judge this declaration should presumption the rig attractively for prospective drilling campaigns.”

SFL’s fleet consists of tankers, instrumentality ships, bulkers, car carriers and offshore rigs.

"SFL signs $170m Canadian drilling declaration for Hercules rig" was primitively created and published by Offshore Technology, a GlobalData owned brand.

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