COSLPioneer Begins Contract with Vår Energi in the North Sea

After completing extensive preparations at Westcon’s yard in Ølensvåg, Norway, COSL’s 2,460-ft semi-submersible rig, COSLPioneer, has set sail to begin its 18-month firm contract with Vår Energi. The agreement, which includes options extending up to 3.5 years, marks the rig’s return to Norwegian waters after years of operation in the UK. Its first task will be drilling the Kokopelli exploration well (7/1-3) in production licence 1090, located near the Sleipner field and the UK continental shelf boundary.

Following Kokopelli, the rig will embark on the Balder Phase V project, a six-well campaign set to conclude in 2026. Vår Energi is also advancing plans for the Balder Phase VI project, with an investment decision expected in 2025. Alongside COSLPioneer, COSL’s COSLProspector continues to support Vår Energi in the Barents Sea, solidifying COSL’s role as a key partner in Norway’s energy exploration and production efforts.

About Autobahn Industries

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Autobahn Industries is a manufacturer with over fifty four years of combined experience in designing, manufacturing, and delivering high-quality oilfield tools, including master bushings, slips, dies and inserts, tongs dies, safety clamps, spiders, manual tongs, adapter ring, kelly bushing, cashing bushing, split bowl wear guide and slip lifter. 

By using the latest in 3D modeling for product design and by staying current with the rapid advances in manufacturing technology and quality-assurance standards, Autobahn Industries is able to manufacture and produce the most reliable products on the market today. All Autobahn Industries Handling Tools are manufactured according to API API-7K Standards.

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