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.
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.