Well-Safe Creates 100 New Jobs with Rig Buy

This article was first published on Rigzone here

Well-Safe Solutions revealed Monday that it has acquired the West Epsilon jack-up rig from Seadrill to bolster its bespoke decommissioning fleet.

The investment will lead to the creation of around 100 new jobs, according to Well-Safe’s chief executive officer, Phil Milton, who said the acquisition strengthens the company’s offering.

Well-Safe outlined that it will start work immediately on the rig, which has been renamed Well-Safe Protector, to undertake an upgrade and modification program. In early 2021, the unit is expected to be ready to be deployed specifically for enhanced plug and abandonment projects.

“The acquisition of this asset allows us to continue to deliver our vision and the business model that we set out to deliver to the industry, giving us the ability to cover both subsea wells and multiple platform projects,” Milton said in a company statement.

“We have remained focussed

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