Well-Safe purchases second rig

Sept. 14, 2020
Well-Safe Solutions has acquired the harsh-environment jackup West Epsilon from Seadrill.

Offshore staff

ABERDEEN, UK Well-Safe Solutions has acquired the harsh-environment jackup West Epsilon from Seadrill for an undisclosed amount.

Built in 1993, the rig will be upgraded, modified, and renamed Well-Safe Protector. The company expects to deploy the unit specifically for enhanced plug and abandonment projects in early 2021.

Phil Milton, CEO of Well-Safe Solutions, said the acquisition is expected to create about 100 new jobs.

Operations on the upgrade and SPS renewal of the company’s first rig, the Well-Safe Guardian, were paused earlier this year due to the COVID-19 pandemic. However, operations are restarting, and the company also expects to deploy the semisubmersible early next year.

09/14/2020

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