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Well-Safe ‘actively’ looking at more rigs as maiden purchase gets ready to hit the market

Scottish oil and gas decommissioning firm Well-Safe Solutions is “actively” looking at additional rigs to buy once it seals a maiden gig for the first vessel in its fleet.

Well-Safe, of Aberdeen, announced the acquisition of its first rig, the Well-Safe Guardian (WSG), in spring 2019, budgeting about £75 million to cover the cost of its purchase and refurbishment.

The overhaul and associated checks are almost complete and chief executive Phil Milton said the rig, previously owned by Diamond Offshore, would be ready for oil and gas well plug and abandonment (P&A) work at the start of April.

Image credit: Energy Voice


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