SFL signs $170 million Canadian drilling contract for Hercules rig


Offshore infrastructure company SFL has won a drilling contract from a multinational oil and gas operator worth around $170 million. Hercules A semi-submersible vessel in Canada.

The contract, which covers at least 400 days, is scheduled to begin in the first quarter of 2027.

SFL will provide Herculescurrently based in Norway, for a move to Canadian waters later this year. Odfjell Drilling will operate the rig on behalf of SFL as part of the contract.

of the Hercules A sixth generation semi-submersible unit designed for deep water and harsh environment operations. It features a long derrick and dynamic positioning (DP) based on the GVA 7500 design.

The vessel is equipped with a fully custom mooring spread suitable for water depths of 100 to 500 meters.

It has a carrying capacity of 5,200t in all operating conditions, which reduces reliance on supply ships and enables operations in challenging locations such as the Barents Sea during winter.

This unit is designed to meet winterization class standards to support work in arctic conditions.

The rig drilling system includes a high specification Aker MH derrick that allows for offline DP stand and casing building activities. of the Hercules Designed for international operations and particularly suitable for exploration and development drilling in harsh environments.

Ole Hjertaker, CEO of SFL Management, said: “We are very pleased to have secured an attractive new contract. Hercules On the east coast of Canada, where Reg has worked many times before.

“We see significant demand for harsh-environment, deepwater semi-submersibles by the end of the decade and believe this contract should position it attractively for potential drilling campaigns.”

SFL’s fleet consists of tankers, container ships, bulkers, car carriers and offshore rigs.

“SFL signs $170 million Canadian drilling deal for Hercules rig” was originally developed and published by Offshore Technologies, a brand owned by Global Data.


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