Rig intake & inspection specialist ModuSpec has recently secured multiple project wins in the Caspian Sea valued at more than $500,000, contributing to a strong order book moving into Q3.
The contract awards include supporting major International Oil Companies (IOCs) with verification of drilling and intervention well control equipment
For the IOCs, ModuSpec will cover two semi-submersible drilling rigs and one platform based drilling rig, verifying in between well maintenance and deployment of the blow out preventer (BOP) in compliance with company rules and international standards. All projects are expected to be completed by October.
In addition to rig-based projects, ModuSpec is also providing assurance related to the deployment of Intervention Well Control Equipment (IWCE) to clients in the region. These scopes include delivering specialist third-party inspection and verification support for light well intervention vessels (LWIVs) as well as specific IWCE such as riser less light well intervention (RLWI) units.
Mark Watson, Operations Director with ModuSpec, said: “Securing further business in the Caspian Sea is extremely pleasing as we have a strong history in the region, supporting over 40 projects in the past 10 years involving a variety of rig types. These latest wins not only reaffirm our trusted reputation in the Caspian region but also highlight our continued commitment to delivering technical excellence and tailored solutions that keep our clients operating safely and efficiently.”
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