The contract commencement is scheduled to Q4 2017 and has an expected duration of 40 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 contract for Deepsea Bergen with Faroe Petroleum back to back with the said Statoil contract. The contract with Faroe Petroleum is for one well plus one optional well on the Norwegian Continental Shelf. The unit has furthermore received a LOI for one HPHT-well plus two optional HPHT wells with start-up Q1 2018 as earlier announced.
For further queries, please contact: Eirik Knudsen, VP Corporate Finance & Investor Relations +47 934 59 173 firstname.lastname@example.org
Hamilton, Bermuda 3 April 2017 Odfjell Drilling Ltd.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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.