Seadrill Partners has reached an agreement with BP to keep the West Capricorn on an extended standby rate of US$316,000/d with expected recommencement of work in late 2017 at the full operating rate of $526,000/d.
The unit had been down-manned in May and will be warm stacked during the extended standby period. As part of this agreement BP must indicate its intention to recommence work by April 2017.
BP was expected to drill the Ram Rock prospect, located in Green Canyon Block 124, with the West Capricorn, but put the vessel on standby instead. This was followed by Seadrill cutting 112 Houston jobs that supports the West Capricorn drilling rig in the Gulf of Mexico.
Image: West Capricorn/ Seadrill West Capricorn Facebook
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