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September 15, 2020

Well-Safe purchases harsh-environment jackup from Seadrill

Decommissioning specialist Well-Safe Solutions has acquired the harsh-environment jackup West Epsilon from deepwater drilling contractor Seadrill.

By Himaja Ganta

Decommissioning specialist Well-Safe Solutions has acquired the harsh-environment jackup West Epsilon from deepwater drilling contractor Seadrill.

Well-Safe did not disclose the value of the acquisition.

The latest news comes after the company’s acquisition of the semi-submersible drilling unit Well-Safe Guardian in April last year.

The decommissioning specialist noted that the rig will be refurbished and renamed ‘Well-Safe Protector’.

Well-Safe Solutions expects to deploy the unit specifically for enhanced plug and abandonment (P&A) projects early next year.

Operations on the upgrade of the company’s first rig Well-Safe Guardian were paused earlier this year as a result of the Covid-19 pandemic.

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However, operations are restarting, and the company expects to deploy both Guardian and Protector early next year.

Well-Safe Solutions CEO Phil Milton said: “The acquisition of this asset allows us to continue to deliver our vision and the business model that we set out to deliver to the industry, giving us the ability to cover both subsea wells and multiple platform projects. We have remained focussed and committed to our strategy and are delighted to have reached this agreement with Seadrill.

“This further investment into the business not only strengthens our offering but will drive further recruitment with the creation of around 100 new jobs, which, during these times of great uncertainty within the industry, is welcome news.”

In April, Dutch global geological survey firm Fugro secured a contract to support subsea well decommissioning performed by the semisubmersible Well-Safe Guardian.

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