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Well-Safe acquires dedicated decommissioning rig

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Well-Safe Solutions has agreed to acquire the Ocean Guardian semi-submersible drilling rig from previous owner Diamond Offshore, with a view to converting the asset into a bespoke well decommissioning unit.

Upon delivery, Well-Safe said it intended to begin work immediately to upgrade the rig, renaming it the ‘Well-Safe Guardian’. This work will see around $100 million invested in upgrades, including the installation of a dive system and the capability to deploy a subsea intervention lubricator (SIL) – technology which is nearing completion of the design and engineering phase, supported by the Oil and Gas Technology Centre (OGTC).

The company also said that this would be the first time that a privately owned Scottish business has owned and operated this type of unit, and that the acquisition would bring 90 jobs to the North Sea over the course of the next year. Executive director Mark Patterson, who leads the asset purchase programme, said: “This is a major milestone in Well-Safe’s journey and one that is in-line with our strategy. It’s great to have The Ocean Guardian, which has a great reputation on which we will build, as our first asset.”

Well-Safe is also in discussions to add a second semi-submersible rig to its stable, and intends to follow with a jack-up, mono-hull vessel and land-based units.

For more on Well-Safe Solutions, click here.

 

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