GRENLAND Group of Norway has signed a $7.7million contract with a unit of China Offshore Services Limited (COSL) for project-related work on a semi-submersible rig under construction at the Yantai Raffles yard in China.
Terje Uthus, CEO at Grenland Group, said in a statement: “For this project, we will engage engineers from our offices in Asia and in Sandefjord, and we believe this is only the beginning of a further co-operation with COSL Drilling. The contract is a breakthrough for our business in China.”
When complete, the COSL Pioneer, owned by COSL Drilling Semi, will transfer to Norwegian waters to take up its first assignment, development drilling on the BP-operated Skarv-Idun fields project in Norwegian waters.
Skarv and Idun are located between the Norne field (35km to the north) and Heidrun (45km to the south). In 2007, BP submitted a plan to the Norwegian authorities for the joint development of the fields, with the aim of start-up in Q3 2011. Another rig, Borgland Dolphin, will also be used on the project.