View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
October 2, 2017updated 26 Oct 2021 1:04pm

LR receives project management contract for Colombian offshore project

UK-based company Lloyd's Register (LR) has secured a new wells project management services contract to drill the offshore Molusco-1 exploration well in Colombia.

UK-based company Lloyd’s Register (LR) has secured a new wells project management services contract to drill the offshore Molusco-1 exploration well in Colombia.

The contract was awarded by Ecopetrol Costa Afuera (ECAS), an affiliate of Colombian national oil company Ecopetrol.

With drilling having started this month, the project is set to be delivered by July 2018. Work includes drilling well management, well engineering, in-country logistics, and operations supervision.

LR Wells vice-president Matt Rothnie said: “The Molusco-1 project marks a significant milestone for ECAS as it is the first offshore drilling project the company will deliver as operator.

“The company elected to outsource well management support to provide a high level of assurance that is seeing the Molusco-1 project developed using the latest technical insight to help ECAS operate with confidence.”

“The Molusco prospect is situated inside Block RC-9, which is operated by Ecopetrol along with its partner ONGC Videsh.”

The Molusco prospect is situated inside Block RC-9, which is operated by Ecopetrol along with its partner ONGC Videsh.

Rothnie added: “Our Wells group identified Colombia as a target growth region a number of years ago and our hard work has now paid off.

“We are looking forward to progressing work with ECAS and are committed to further strengthening Ecopetrol’s capability in the offshore sector.”

Ecopetrol produces around 60% of the country’s total output. The company is engaged in multiple exploration and production activities in Brazil, Peru and at the US Gulf Coast.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology