Australia’s Buccaneer Energy, which holds an equal 50% share in KOV with Singapore’s Ezion Holdings, said the rig had mobilised from Singapore aboard the Kang Sheng Kao heavy lift vessel.
It is expected to take between 21 and 28 days for the rig to reach the Cook Inlet where it will be offloaded and towed via tug to the first well location in Buccaneer’s offshore programme.
Buccaneer has previously stated the first well to be drilled by Endeavour will be at its 100% owned Southern Cross project which is estimated to hold 12.7 million barrels of oil equivalent in proven plus probable reserves.
Following the completion of the northern Cook Inlet 2012 drilling season, which is expected around early November, Buccaneer said the rig would be towed to the Cosmopolitan location in the southern Cook Inlet to commence drilling operations.
The Marathon LeTourneau 116-C design rig was built in 1982 and upgraded in 2004 and is capable drilling to 25,000 feet in water depths of up to 300 feet.