Buccaneer Energy’s 50 per cent owned subsidiary Kenai Offshore Ventures, LLC has executed a Repair Contract with Keppel FELS Shipyard in Singapore for the repair and modification of the jack-up rig, Endeavour.

The Endeavour is currently in dry dock undergoing the first stage of the work program, with completion expected in the next 10 days. The second stage will commence in January 2012 and will consist of upgrades to the accommodation quarters, blasting and painting of surfaces, winterising, and refurbishing of tanks and piping systems.

Concurrently, approximately 30 other individual contractors are in various stages of assessing and/or dismantling drilling equipment for assessment, to ascertain what work needs to be completed. In the majority of cases, this work is being done by the original equipment manufacturers, most of whom have workshops in Singapore.

This work, when completed, will bring the Endeavour back to full operational capability and capable of drilling in the Cook Inlet, Alaska.

Tags: Buccaneer Energy Ltd.