Neptune Energy will use Borr Drilling’s new Prospector 1 rig for a range of jobs offshore Netherlands and UK as part of a $21.4 million contract.
Prospector 1 will undertake development, exploration and well decommissioning work for Neptune.
The private-equity backed firm said the deal would help it lower costs and emissions.
Prospector 1 is kitted out with technologies that reduce carbon and nitrogen emissions from its operations by up to 95%.
The contract includes an option for an additional three wells after the initial seven-month drilling campaign is completed.
Neptune’s global head of drilling and wells, Brett McIntyre, said: “Previous drilling contracts have traditionally been awarded at a country level, but by consolidating these work scopes we have adopted a more collaborative and efficient approach with Borr Drilling.
“We have an exciting programme of activities planned to support the growth of our global business, and this is an excellent example of how E&P companies and supply chain can work together, adopting the latest technologies and commercial models to improve efficiency and reducing emissions across a variety of offshore activities.”
Harvey Snowling, chief operating officer, Borr Drilling, said: “We are delighted to be awarded this work scope and look forward to working with Neptune once again for this upcoming campaign.
“This contract award demonstrates our focused collaboration to deliver consistently safe, efficient, high quality drilling services to our customer.
“We are always looking for ways to improve the efficiency of our operations and to reduce our impact on the environment and the installation of a SCR system on Prospector 1 represents a major step on our sustainability journey.”
