Deep Value Driller | Offshore Rig Project Management

DVD

Survey and Inspection | Project Management | Operations

Project Background and Objective

Client: Deep Value Driller

Location: Westcon Yard, Ølen, Norway

Project Duration: March 2021 – September 2023

Background: Deep Value Driller Ltd acquired the 7th generation drillship Bolette Dolphin in March 2021. Initially warm-stacked in Norway, the vessel remained in this state under the new ownership until a 3-year charter contract was secured with Saipem in Q1 2023.

Objective: Pelago Management was engaged to manage the vessel during the warm-stacked period from March 2021 and complete the reactivation/SPS phase prior to handover to Saipem early September 2023.

Survey

Pelago Management carried out a pre‑purchase survey of the drillship on behalf of the Client, focusing on its structural condition, key marine and drilling systems, maintenance history, and compliance status.

Operations

Vessel Handover from Dolphin Drilling: Ensure a safe and high-quality handover from Dolphin Drilling to Deep Value Driller Ltd.
Manage the warm–stack period: Ensure implementation of the System Integration Testing (SIT) and the preventive maintenance procedures.

Project Management

Pelago Project Management Team:

Project Manager
Site Manager
Well Control Equipment PIC

Drilling Equipment PIC
Marine PIC
Mechanical PIC

E&I PIC
Cost Controller
Planner

Buyer
Document Controller
Crew (31 members)

Pelago Management, in collaboration with the vessel owner, Saipem and Westcon Yard, meticulously managed each phase of the project:

Reactivation

Reactivation from warm stacked status:

Structural & Hull inspections
Equipment overhaul

Asset & Operational Preparation

Ensure asset meets contract specifications, OEM and client requirements:

Planning and Budgeting
Prepare work packs
Procurement of long-lead items
Pressure Vessel & Machinery checks
UWILD
Obsolescence equipment/systems management

Planned Major Maintenance / SPS

Ensure that the asset is in full compliance with class and regulatory requirements:

Recertification of equipment and commissioning of systems and vendors’ packages.
Sea trials, DP trials, shock and motion tests where required.
Class & flag state certification, final acceptance by charterer.
Implement Condition Based Maintenance (CBM) on drilling equipment.

Conclusion

Pelago’s strategic management and technical expertise ensured the project’s success, reinforcing its reputation for delivering complex, high-stakes maritime projects with precision and efficiency. The deep Value Driller now stands as a flagship asset, ready to redefine industry standards with advanced technology and regulatory compliance for offshore operations worldwide. The project showcased Pelago’s unique service offering as a Project Manager: