Caverton Offshore Support Group Plc (COSG) has notified The Exchange that Caverton-RK has been awarded a contract to supply two drilling vessels to Shebah Exploration and Production Company Limited (SEPCOL).
The contract, which commenced in August, 2014 will run for an initial period of three months and provides for Caverton-RK to supply two vessels in support of Rig Trident VIII SEPCOL’s offshore drilling operations. Caverton-RK is a joint venture between RKOffshore of Singapore and Caverton Marine Limited (one of the two subsidiaries of COSG). The joint venture was formed in 2012 to take advantage of growing opportunities in the offshore support vessel sector. On its part, SEPCOL is an indigenous exploration and production company and operator of the Ukpokiti offshore field, which it acquired from ConocoPhillips in 2004.
Source: Proshare