its all guess work26 Jul 2020 12:56
Paul B Loyd was booked up to work for Hur up until October 2020, with work coming up to plug and abandon the Lincoln Crestal well in March.
The rig will work on a day rate of $160,000 in February – March and $205,000 from April to September.
Transocean will then drop the rate to $160,000 in October.
The rig is planned to be used to drill a commitment well, required by the OGA to test the full extent of the Lincoln discovery, this year.
However, due to the time to plan the well, Hurricane said in December the rig would stand idle for several months, possibly incurring a cost of “incurring a cost of up to $10 million net to Hurricane”.
GLA