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.
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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.