BHGE accepts conditions for North Sea Liberator well campaign

The Liberator and Serenity prospects are in the UK central North Sea.
The Liberator and Serenity prospects are in the UK central North Sea.
i3 Energy

Offshore staff

LONDONi3 Energy has contracted Baker Hughes, a GE company (BHGE) to support this summer’s drilling program on the Liberator and Serenity prospects in the UK central North Sea, and next year’s Phase I development of Liberator.

BHGE’s scope will include directional drilling, drilling fluids, mudlogging, formation evaluation operations, and wellheads.

The company has agreed to a condition under which £3 million ($3.77 million) of oilfield service and oilfield equipment payments will be paid until i3 has received its first sales revenues from Liberator Phase I.

Majid Shafiq, CEO of i3 Energy, said: “This transaction will enable us to maximize the allocation of capital resources and contingency towards our 2019 drilling activities…”

07/08/2019

More in Drilling & Completion