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COSL Drilling Europe signs contract with Equinor
COSL has been awarded a contract to drill four wells on Statfjord Øst with the COSLPromoter drilling rig from the spring of 2023. In addition, the rig has options for drilling five wells for Statfjord satellites and further extension by continuing options.

COSL Drilling Europe will be utilizing its modern, 6th. Generation Harsh Environment Semi-Submersible drilling unit, the COSLPromoter for this contract. Estimated duration for the first four wells is 220 days and five optional wells of 270 days. After the preliminary programme has been completed, the intention is to extend the cooperation by continuing options.

The COSLPromoter will, as part of ongoing mobilization, upgrade the automatic drilling control system. The rig has already installed the COSL Energy Control System, converting the unit into a Low Emission 6th. Generation drilling unit. This as well as COSL being ISO 50001 certified will set new benchmark in the industry representing the lowest fuels consumption and carbon footprint seen to date for these types of units. COSL will as a part of this contract be responsible for the fuel consumption, and integrated services like: Casing Services, ROV services, wastewater treatment and cuttings handling.

“We are delighted to be awarded this contract with Equinor for the Statfjord subsea fields and look forward to a long-term working relation going forward. COSL has proven before to deliver bench-mark performance for Equinor, delivering safe and efficient drilling operations through close one-team approach collaboration. We will together with Equinor set a new standard when it comes to low-emission and efficient drilling operation. We are excited in how Equinor with the award of this contract demonstrates its confidence in our employees and our rigs and look forward to our organisation delivering efficient and high-end drilling performances again” says Frank Tollefsen, CEO of COSL Drilling Europe.

COSL’s rig portfolio is highly efficient and with a proven track record from operations in the North Sea, with Energy Control Systems already delivering substantial reductions in CO2 and Nox emissions. The rigs have a compact design, smart deck-layout, with low personnel on board (POB), remote operations and operated by a highly competent and experienced team.

«Our rigs are already best in class in terms of emissions and fuel efficiency, and we have now taken the next step by installing an advanced system for energy control. This will provide a reduction up to 25-50 percent on already very low fuel consumption levels. This is increasingly demanded in the market as it helps operators to meet its climate goals», Tollefsen says.

About COSL Drilling Europe

COSL Drilling Europe was established in 2005, and has its head office located in Stavanger, Norway. Today we operate four modern drilling units. We have a solid owner with stable ratings in China Oilfield Services Limited, listed at the Shanghai Stock Exchange, with ambitions to strengthen its foothold in the North Sea.

About Equinor

Equinor (OSE:EQNR, NYSE:EQNR), is an international energy company with a proud history. Formerly Statoil, we are 20,000 committed colleagues developing oil, gas, wind and solar energy in more than 30 countries worldwide. We’re the largest operator in Norway, among the world’s largest offshore operators, and a growing force in renewables. Driven by our Nordic urge to explore beyond the horizon, and our dedication to safety, equality and sustainability, we’re building a global business on our values and the energy needs of the future.

Origine : Communiqué COSL Drilling Europe

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