Erin Energy has signed a services contract with Pacific Drilling to use the Pacific Bora rig to create a well at an offshore project near Nigeria.
Pacific Bora rig will be used to drill the Oyo-9 well on the Oyo field in the deepwater of offshore Nigeria.
The contract base rate is $195,000 a day.
Under the contract, Erin Energy has the option to drill up to two additional wells. The agreement carries the option to extend the contract.
If the extension is exercised by the company, Erin Energy would use the Pacific Bora drilling rig to spud two of its offshore Nigeria exploration prospects in the prolific Miocene geological zone.
Erin Energy interim chief executive officer Jean-Michel Malek said: “The execution of this rig contract is an important step in advancing our 2017 work programme and our development of the Oyo field in the deepwater offshore Nigeria.
“We look forward to working closely with Pacific Drilling on this drilling programme.”
The Pacific Bora is a sixth-generation double-hulled drillship, which is expected to head to the Oyo field in June. It can perform both drilling and well completion operations.
Erin Energy expects to drill Oyo-9 well in mid-June, with first production anticipated in September.
The Oyo-9 well is expected to increase production by up to 7,000bpd.
Headquartered in Houston in US, Erin owns nine licences in four countries in sub-Saharan Africa. Its portfolio comprises an area of more than 19,000km² in Nigeria, Ghana, Kenya and Gambia.
Image: Pacific Bora. Photo: courtesy of Business Wire.