Offshore staff
HAMILTON, Bermuda – Seapulse has entered a strategic partnership with Maersk Drilling under which the companies could drill 12 offshore oil and gas exploration wells over the next two years, targeting more than 4 Bboe of resources.
Exploration specialist Seapulse has adopted what it describes as a low-cost, high-impact portfolio approach designed to maximize value creation and diversify risk, adding that the scale of its drilling program eclipse that of many super-majors in terms of well numbers and the potential scale and impact of the target prospects.
However, the timeframe and cost exposure of the programs are said to be much lower than those of larger companies.
The exploration wells will cover diverse play types and basins in frontier and established areas. Maersk Drilling will serve as drilling and integrated well services provider, with a focus on program synergies and cost management to ensure maximization of successful results.
Seapulse added that the targets have been developed over several years by leading E&P companies based on latest generation seismic data and interpretive technologies.
Seapulse has secured the right to participate in these wells and by focusing investment on providing the necessary capital for drilling. The company claims it is addressing inherent industry inefficiencies associated with the traditional farm-in/out processes.
12/05/2018
