Opus Offshore, poised to take delivery of its maiden drillship in China soon, has unveiled plans to double its drilling fleet by the end of this decade.
With the delivery of its first deepwater drillship on the horizon, Opus Offshore’s chief executive Vern Westerhout said the Singapore-based start-up is ready to embark on further expansion to at least double its fleet to eight new drilling floaters by 2019.
Vern Westerhout, Chief Executive Source: Opus Offshore"
“My vision is to own and operate eight to 12 new drilling floaters capable of operating in up to 7,500 feet of water,” Westerhout said.
Opus has invested an additional $20 million mainly on extra risers to high-grade the rated water depth of its first drilling floater, Tiger-1 (DW drillship), to 5,000 feet, up from 3,000 feet.
The high-grading of Tiger-1 is in line with the decision of Opus management to focus on the deepwater belt, where “vast majority of drilling activity” is taking place, according to Vice President of Technical David Smallwood.
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