Aberdeen-headquartered Stena Drilling has won a contract to supply one of its vessels for a project in Ghana later this year.
The Stena Forth ship will drill three wells for Tullow Oil in the third quarter.
Stena Drilling managing director Erik Ronsberg said the new contract meant the company had been able to scrap a consultation over redundancies.
The process was initiated at the end of 2017 in response to the “prolonged downturn”.
Mr Ronsberg said: “We are in the fortunate position in Stena Drilling to have fantastic, patient and loyal colleagues on and offshore and we’re relishing starting this new drilling campaign together with Tullow.”
He added: “This upcoming campaign will see Stena Drilling return to Ghana with Tullow where we have previously delivered best-in-class safety and operational performance.
“Stena Drilling always aims for repetitive business and is delighted to be working with Tullow Oil again and wish all the crew the very best for the drilling campaign.”