SYDNEY, Australia – Buccaneer Energy Ltd. has selected Archer Drilling LLC to operate the Adriatic XI jackup.
Upon completion of successful negotiation, Archer will provide the following:
• Project management for shipyard modifications to the Adriatic XI, to be renamed Endeavour
• Manage mobilization of the rig from Singapore to the Cook Inlet, Alaska
• Operate the rig in Cook Inlet under a bare boat charter agreement.
Archer has sent a team to the rig to begin defining the detailed engineering work scope, shipyard budget, and schedule. This is expected to take three weeks to complete.