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Letter of Intent for Deepsea Bergen

Odfjell Drilling has been awarded a Letter of Intent from Statoil as operator on behalf of several licensees for the utilization of the semi-submersible "Deepsea Bergen" for development drilling and exploration in the Halten Nordland area on the NCS. The Letter of Intent is subject to partner approval.

The contract is scheduled to commence upon completion of Deepsea Bergen's contract with Marathon for development drilling and completions of the Alvheim field, expected to be in the 2nd quarter 2008. The contract has a fixed duration of 3 years.

The contract value is USD 350 million.

Contact for further information:
Ketil Lenning - CEO,
Phone: +47 55 998900 / Mobile: +47 91190811


Published: 09.02.2006
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