LONDON (Alliance News) - Range Resources Ltd on Wednesday said the first of four new drilling rigs has arrived at the port in Trinidad.
The rig is the largest to be added to the Range Resources Drilling Services Ltd drilling fleet this year, the company said. It has a 4,000 metre drilling capacity.
In the meantime, the other three new rigs, which have drilling capabilities of 2,000m, 1,500m, and 1,000m, are on the way to Trinidad.
"The vessel carrying the rigs is currently passing the coast off the US and will make a stop in Guatemala before arrival at the port in Trinidad. The rigs are now expected to arrive by the end of September," the company said.
The 4,000m rig is expected to be available for drilling from October 2015, with November earmarked for the remaining three rigs.
Those expectations are subject to several conditions, including customs clearance, various government and regulatory approvals and "availability of suitable drilling staff" to operate the rigs.
"Following shareholders' queries, the company wishes to clarify that the Guayaguayare deep commitment well which was not included in the work programme schedule released on August 24 is expected to be drilled next year. The details including proposed spud date for this well are still being finalised and will be released in due course," the company said.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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