North Sea-focused Ithaca Energy announced Monday that it has contracted the services of Applied Drilling Technology International, to manage development drilling and completion operations on the Greater Stella Area of the UK North Sea under "turnkey" contract arrangements. ADTI is a subsidiary of Transocean, the world's largest offshore drilling contractor.
Ithaca said that ADTI has played a central role in all aspects of the GSA well planning and design work that has been completed over the course of 2012. The new turnkey contract will lock in Ithaca's expenditure on the core drilling operations, it said.
The drilling campaign is expected to commence in the second quarter of this year using the Ensco 100 (350' ILC) rig.
"The award of the ADTI contract represents an important step in the company's approach to reducing GSA project execution risk. ADTI has a long and established relationship with Ithaca, having successfully and safely completed turnkey operations on seven of the company's operated wells over recent years. ADTI has a highly experienced drilling team in place to manage execution of the campaign and we look forward to the commencement of drilling operations in this quarter."
Ithaca operates the Greater Stella Area, with a 54.66-percent interest. Its partners are Dyas UK (25.34 percent) and Petrofac Energy Developments UK (20 percent).
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