Odfjell Drilling has on 9 June 2017 signed a contract with Wellesley Petroleum AS for one firm exploration well, plus an optional well testing and sidetrack, on the Norwegian Continental Shelf ("NCS"). The contract commencement is scheduled to Q3/Q4 2017 and will be followed by a contract on Norwegian Continental Shelf with OMV Norge for a one firm "high pressure high temperature" well ("HPHT-well") plus options for two wells as earlier announced.
Deepsea Bergen is now working for Faroe before the rig will recommence the Statoil contract and complete the remaining drilling program of one well at contract day rate.
For further queries, please contact:
Eirik Knudsen, VP Corporate Finance & Investor Relations
+47 934 59 173
9 June 2017
Odfjell Drilling Ltd.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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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.