Cofor opens Delhi office and mobilises for Cairn

Vol 17, PW 16 (27 Mar 14) Exploration & Production

French driller Cofor is mobilising a 1000-hp rig under Cairn's plan to drill up to 450 appraisal and development wells over the next three years in Rajasthan, using around 30 rigs.

Cofor commercial director Platon Koptilov was in Delhi this week to help set up the company's new office as it prepares to establish itself in the Indian market. Cofor won its first Indian contract last year to supply two 1000-hp rigs to Cairn and according to sources it also bid by the March 24 deadline in a Cairn tender for a single 1500-hp to 2000-hp ‘highly mobile land’ rig which can drill up to 3500 metres TD with a 5-inch drill pipe.

Only foreign bidders like Cofor, Weatherford and Houston-based Parker Drilling are believed to be in the race. Indian companies Quippo, John Energy and Shiv Vani don’t have such high spec rigs.

Cairn wants to award the contract in one month and mobilise the rig by end-2014. Separately, on March 14, Cairn invited EoIs to hire 12 onshore rigs of between 1500-hp and 2000-hp capacity.

Cairn plans to award contracts by October 2014 so they can be deployed by December 2015. Cairn is looking for Super Single Light models, which cost between $35,000/day to $37,000/day, much higher than normal land rigs.

In its proposed $2bn budget for 2014-15 for Rajasthan Cairn want to drill 150 wells, including 40 exploration.

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