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Golden Phoenix New Engineering Drilling Rig

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Vår Energi announced it has awarded a rig contract to Seadrill to secure the West Phoenix drilling rig for work on the Balder Future

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Golden Phoenix New Engineering Drilling Rig [PDF]

6 FAQs about [Golden Phoenix New Engineering Drilling Rig]

Who owns West Phoenix drilling rig?

Vår Energi AS awards rig contract to Seadrill Norway Operations AS, a Seadrill Ltd subsidiary, and secures the West Phoenix drilling rig for work on the Balder Future re-development project in the North Sea. West Phoenix. Photo: Seadrill.

How much does Seadrill's West Phoenix rig cost?

Seadrill’s rig was picked to drill new production and injection wells on the Balder field from 2Q 2021 to 3Q 2023. The total contract value for the firm portion of the contract for the West Phoenix rig was expected to be around $302 million.

Why did VR Energi hire Seadrill's West Phoenix rig?

Back in December 2019, Vår Energi hired Seadrill’s West Phoenix rig for operations at the Balder field, as part of the Balder Future re-development project in the North Sea, offshore Norway. This project is part of the Norwegian player’s attempts to prolong the production lifetime of the Balder and Ringhorne fields to 2045.

Will West Phoenix drill a new well?

West Phoenix. Photo: Seadrill. West Phoenix is selected to drill new production- and injection wells on the Balder field in the period Q2 2021 to Q3 2023. The drilling campaign is part of the Balder Future re-development project.

What makes Phoenix a great drilling company?

Phoenix has an extensive fleet of equipment that is comprised of industry leading technologies that enable faster and more precise drilling operations. Phoenix has grown our fleet to be one of the largest in the industry, both in size and capabilities.

What makes Phoenix a great drilling motor?

These solutions are proprietary to Phoenix and drive our unmatched performance. Designed to be the most powerful high performance drilling motors on the market, the proprietary design of Phoenix’s Atlas motors deliver more torque to the bit to drive faster penetration rates.