BW Energy acquires two jack-up drilling rigs from Borr Drilling for US$14.5M

GABON – BW Energy, an exploration company, has announced the acquisition of jack-up drilling rigs, the 2003-built sister-units Atla and Balder from Borr Drilling for a total price of US$14.5 million. BW Energy has also concluded on an alternative development plan for the Hibiscus/Ruche satellite field in the Dussafu license offshore Gabon, utilising a converted jack-up rig to reduce investments and time to first oil. The seismic reprocessing carried out by BW Energy has indicated the potential for a substantial increase to the Greater Hibiscus oil-in-place volumes, making further developments…

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