The duration of the contract is four years, with planned start-up in the first quarter of 2022. The objective is to drill six wells leading up to production start in 2024. The contract also includes four options of one year each. The overall contract value includes mobilisation, upgrades and integrated services.
The total contract value of
Bacalhau is a project in the Brazilian pre-salt area, located in the Santos basin. The field was discovered in 2012 and purchased from
'In this contract we have secured a fixed rate for the initial firm period, which includes a performance element that enables the supplier to increase its profit by completing safe and efficient operations. We have also agreed on general terms for options, and we believe this contract gives the Bacalhau project good incentives for a long drilling campaign,' says
The Bacalhau field has a water depth of about 2,000 metres and is
'Under this contract, we have a high-spec drill ship, equipped with features such as a double derrick and automated drilling control and we look forward to continuing this collaboration with
'Going forward, we expect that the drill ship will be operated in accordance with our best practice, and that this will yield safety results and efficiency that match our high ambitions,' says Kirkemo.
West Saturn is a seventh-generation drill ship, adapted for water depths up to 3,600 metres.
The partners in Bacalhau:
FACTS
Discovery was made by
Bacalhau will be the first greenfield development in the pre-salt by an international operator
Located at a distance of 185 km from the coast of the municipality of Ilhabela/SP, in the
Phase 1 development capacity of 220,000 bbls/d
First oil production is planned in 2024
Contact:
Tel: +47 91801791
Email: bgp@equinor.com
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