In January this year we could announce a one-well contract for DSM I offshore the Philippines with Nido Petroleum Limited. This new contract is for two firm wells plus options for one further well and three sidetracks.
The firm part of the contract is estimated to be approximately 150 days with a commencement window in Q3, 2017.
Deepsea Metro I is owned by Golden Close Maritime Corp. Ltd. and Odfjell Drilling is the manager of the vessel. A new 4-years management agreement was recently agreed between the parties.
Odfjell Drilling has been awarded a platform drilling contract with EnQuest for drilling and maintenance on the Magnus platform on the UK continental shelf. The contract includes three firm wells plus two optional wells, and is expected to commence November 1st 2017.
The shareholders of Robotic Drilling Systems AS (“RDS”) have today entered into an agreement to sell all shares in RDS to Nabors Industries (“Nabors”). Odfjell Drilling holds, through its fully owned subsidiary Odfjell Drilling Technology Ltd, approximately 37% of the shares in RDS.
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.