Converted Rig in Frame for Kudu Gas Development Offshore Namibia
BW Energy has signed an agreement to acquire the 2021-built semi-sub drilling rig Leo from Aqua-drill for $14m. The company plans to re-purpose the rig as a floating production unit for the Kudu gas to power project offshore Namibia. BW Energy believes re-purposing will enable an optimization of the project timeline and significantly reduce capital