Eco Atlantic Oil & Gas Ltd and partners have contracted a rig, the Stena Forth, to drill the Jethro-Lobe prospect on the Orinduik block, offshore Guyana.
"Eco (Atlantic) Oil & Gas, along with its partners in the Orinduik Block, offshore Guyana, Total E&P Activités Pétrolières and Tullow Guyana B.V. (Operator), has contracted a rig, the Stena Forth, a sixth-generation drillship from Stena Carron Drilling Limited Guyana Branch, to drill the Jethro-Lobe prospect on the Orinduik Block offshore Guyana," said a joint press release.
The exploration company said the Stena Forth is a harsh environment, dynamically positioned third-class drillship, capable of operating in up to 10,000 feet of water to a maximum drill depth of 35,000 feet.
The Stena Forth, which is currently drilling off West Africa, is fully crewed and is operating.
Eco Atlantic confirms that the contract with Stena secures the rig for transport at the end of May, targeting a June 2019 spud date. Further, the agreement also defines a window for a second well on the Orinduik Block, which would be drilled after the Jethro-Lobe well has been drilled.
The Partners have also approved the majority of the rig servicing contracts to ensure smooth and timely operations with the Stena Forth. Wellheads have been ordered from DrillQuip, and support ship and infrastructure agreements are now underway.
Colin Kinley, Chief Operating Officer for Eco Atlantic stated: "Eco is pleased to have secured the Stena Forth Drillship for thisinitial drill programme on Orinduik. This state-of-the-art Class 3 Rig hasoverall capacity ratings at close to double our operating requirements. The rigis operating, which is a great advantage to the partners."