Atwood Beacon heading for South America

Offshore staff

HOUSTON – A trio of oil companies has contracted the semisub Atwood Beacon for a program of wells offshore Suriname and Guyana.

Murphy Suriname Oil Co., Repsol Exploration, and Teikoku Oil (Suriname) have taken the rig, operated by Atwood Oceanics Pacific Offshore, to drill four wells at a day rate of around $115,000, for a minimum period of 210 days.

After completing its current assignment for Edison International off Cote d’Ivoire, the rig will mobilize to Suriname via Trinidad.

The three operators will pay a lump sum of $4.5 million for mobilization to Trinidad, and a day rate of around $110,000, plus tugs and fuel, for the estimated seven days required to transfer from Trinidad to the first well in Suriname.

06/24/2010