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10.08.2017

Odfjell Drilling signs a contract with Aker BP


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.

The contract is for exploration and development drilling at various locations in the Norwegian Sea and the Barents Sea. The contract will follow from the estimated completion of the Wintershall Maria contract and continue until the Deepsea Stavanger is due to mobilise to South Africa to complete one well for Total. The contract value is estimated up to USD (68) million.

Quote from Simen Lieungh, CEO:

“The contract with Aker BP is an important opportunity for Odfjell Drilling to demonstrate its continued exceptional track record and develop a relationship with potentially one of Norway’s largest oil companies. Aker BP’s focus on digitalisation is very exciting and appealing for our company’s operational philosophy and appetite to work with operators in developing tomorrow’s technology.”

 

For further queries, please contact:

Eirik Knudsen, VP Corporate Finance & Investor Relations
+47 934 59 173
eikn@odfjelldrilling.com

 

Hamilton, Bermuda
10 August 2017
Odfjell Drilling Ltd.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.