CAD recently signed a deepwater contract with Anadarko Petroleum Corporation for three wells to mobilize the Blake Rig 1007 onto the Constitution Spar at Green Canyon 680 A. Beau reports that this is the third contract Anadarko has awarded Blake International since entering into the deepwater market in 2011.
The Blake 1007 recently completed a project for Anadarko on the Marco Polo TLP, and is currently working for Fieldwood Energy on the Ewing Banks 826A platform to fulfill a two well contract. The remainder of the Apache contract, followed by the Anadarko project, is expected to keep the rig busy through July 2014.
Beau comments: "We are excited to work with Anadarko again. Blake International has maintained a very good relationship with Anadarko; as a result, they consistently utilize our rigs. This contract also strengthens our goal to be the preferred platform rig contractor in the Gulf of Mexico. We anticipate that Anadarko will be very busy for some time, and it is one of the companies we are considering refurbishing a rig for next year."
Elaborating on the company's activities and progress in recent years, Beau adds: "In 2009 we saw demand growing in deepwater, specifically on TLPs and Spars that require a platform rig.
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