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Member News09th Apr 2019

Well-Safe buys dedicated P&A asset

Well-Safe Solutions has agreed to acquire the Ocean Guardian semi-submersible drilling rig from current owner Diamond Offshore, with a view to converting the asset into a bespoke plug and abandonment (P&A) unit.

Upon delivery, Well-Safe intends to begin work immediately to upgrade the rig, renaming it the ‘Well-Safe Guardian’. This 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).

Well-Safe is already progressing conversations to add a second semi-submersible unit, as well as a jack-up, mono-hull vessel and land-based P&A units. Read more…