Xcite Signs Rig Provision Agreement for Bentley Field

North Sea-focused junior explorer Xcite Energy reported Monday that it has entered into a memorandum of understanding with China Oilfield Services Limited (COSL) for the provision of a new-build jackup rig, along with equipment and personnel, for drilling on the Bentley field.

Final specifications for the rig – a Keppel FELS N Class Plus, harsh-environment jackup drilling rig – are currently being agreed in order for construction to begin at the Keppel FELS yard in Singapore.

Xcite CEO Rupert Cole commented in a company statement:

"We are very pleased that COSL has joined the Bentley development team and this marks the last of the key development group roles to be filled. COSL has considerable experience in drilling operations and we believe they possess the skills and expertise to work alongside our other partners in our collaborative and innovative model.

"Selecting this ultra-high specification drilling rig, and constructing it at the Keppel FELS yard in Singapore, is an important part of securing both the future schedule and drilling efficiency of the Bentley project."

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