The contract commencement is back to back with completion of the upcoming contract with Wintershall Norge on the Maria field. The contract value including compensation for mobilization/demobilization period is estimated up to USD 55 million. The company expects the drilling of the well to take 60-80 days.
- We are very pleased to receive this sign of commitment and confidence. The companies have collaborated closely on this challenging project for many months and believe together we have a technical and operational solution to meet the unique combination of harsh environment conditions encountered on site.
This project with its technical complexities, deepwater and harsh environment is considered an ideal match for Odfjell Drilling as we strengthen our position as contractor of choice for challenging harsh environments. - says CEO Simen Lieungh.
For further queries, please contact:
Eirik Knudsen, VP Corporate Finance & Investor Relations
+47 934 59 173
1 March 2017
Odfjell Drilling Ltd.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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.
Reference is made to the stock exchange notice of 3 April 2017 whereby Odfjell Drilling announced a letter of intent for its semi-submersible Deepsea Bergen.
Odfjell Drilling has, on 31 May 2017, signed a letter of award ("LoA") with Statoil to secure Deepsea Bergen for drilling activities in 2018-2019.
Reference is made to the stock exchange notice of 15 March 2017 whereby Odfjell Drilling announced a letter of intent for its semi-submersible Deepsea Bergen.
Odfjell Drilling has received a letter of intent from an undisclosed party for further employment for its 3rd generation semi-submersible, Deepsea Bergen, for one firm exploration well plus optional sidetrack and well testing on the Norwegian Continental Shelf (“NCS”).