Stena Drilling wins new contract worth up to $11 million

Stena Ice Max1
Stena Ice Max1

ABERDEEN-headquartered Stena Drilling has landed a contract worth up to $11 million for deploying a rig to the Bahamas.

Under the contract with Bahamas Petroleum Company (BPC), Stena will provide a sixth-generation drilling rig to be used on the Perseverance well.

A specific vessel has not been assigned yet, but is likely to be the Stena IceMax, Stena Forth, or Stena DrillMax.

Simon Potter, Bahamas Petroleum Company, chief executive officer, said: “In March 2020, we were within weeks of commencing the drilling of our Perseverance #1 well when we were compelled to defer our planned drilling program due to the impacts of the Covid-19 pandemic.

“To this end we are pleased to announce that we have today entered into a rig contract with Stena Drilling, which provides a firm series of parameters on rig rate, provision of MPD, mobilisation and demobilisation costs.”

Drilling will start between December 15, 2020 and February 1, 2021.

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