The contract commencement is scheduled to Q1 2018 and has an expected duration of approx. 100 days (excluding options).
Deepsea Bergen is currently operating for Statoil on the NCS until mid July 2017. In December last year, Odfjell Drilling announced a new one well contract for Deepsea Bergen with Faroe Petroleum back to back with the said Statoil contract.
For further queries, please contact:
Eirik Knudsen, VP Corporate Finance & Investor Relations +47 934 59 173
Hamilton, Bermuda 15 March 2017 Odfjell Drilling Ltd.
On 10 August 2017, Odfjell Drilling signed a contract with Aker BP ASA for Deepsea Stavanger (6th generation semi-submersible) for a period of approximately 9 months with commencement in February 2018 and completion around October 2018.
Odfjell Rig II Ltd., a subsidiary of Odfjell Drilling Ltd. and rig owner of Deepsea Bergen, has today received a firm offer from its bank syndicate to amend and extend its senior secured term loan facility.
Further to the conditional letter of award ("CLOA") as announced on 1 March 2017, Odfjell Drilling has now been awarded the contract as described in the CLOA.
Odfjell Drilling has been awarded a 2-year fixed contract with no limit of 1-year options from TAQA Bratani for Drilling and Maintenance services on five platforms on the UK continental shelf.