Neptune Energy awarded a $21.4 million contract to Borr Drilling to consolidate the development, exploration, and P&A activities in the Dutch and UK sectors of the North Sea, according to a statement.
Borr Drilling will utilize Prospector 1 jack-up rig which employs a Selective Catalytic Reduction (SCR) System and in turn reduces emissions of nitrogen (NOx) and carbon (COx). This will lead Neptune to decrease emissions from its operations by up to 95%.
Per the statement, the deal aligns with Neptune Energy’s strategy to maximize efficiency and reduce its carbon footprint across its portfolio. The contract’s duration is valid for a seven-month drilling campaign with a possibility of extension for additional three wells after the initial campaign is completed.
The deal was praised by Global Head of Drilling and Wells at Neptune Energy, Brett McIntyre who said “We have an exciting program of activities planned to support the growth of our global business, and this is an excellent example of how [exploration and production] companies and supply chain can work together, adopting the latest technologies and commercial models to improve efficiency and reducing emissions across a variety of offshore activities.”