ModuSpec secures global frame agreement with long-standing and trusted client

21/07/2023

MODUSPEC is delighted to announce the extension of a global frame contract for rig inspection services with one of the world’s leading upstream operators. The two-year extension is the continuation of a relationship started over 30 years ago.

ModuSpec will have the opportunity to provide rig intake support within the backdrop of a resurging rig market and demand for drilling globally. In 2023 to date, ModuSpec has supported the client in North America, West Africa, and the North Sea. 

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Liam Pirie, Business Development Manager for ModuSpec, commented: “This contract extension represents the long-standing trust our client has in our capabilities to support its global rig activity. Our rig intake and inspection team has worked closely with the client in recent years on complex projects – including reactivation of two drillships for deployment offshore Angola, the intake and acceptance of a jack up offshore Mexico, and a multi-operator intake of a jack-up offshore Netherlands for plug & abandonment (P&A) operations. 

“To be rewarded with an extension is testament to the quality of our service provision, and recognition of the inherent value that our client truly benefits from. The frame contract award is anticipated to be worth over £500k per annum.”

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