Odfjell Drilling has entered into an agreement with Songa Offshore ASA to sell the semi submersible Deepsea Delta for USD 428.5 million.
"Odfjell Drilling welcomes this opportunity to divest the Deepsea Delta as part of the company's strategy to renew its fleet, and being able to continue to render our services to StatoilHydro and Revus/Det Norske in collaboration with Songa Offshore ASA as contractor for the continued operation of Deepsea Delta," says Odfjell Drilling CEO Ketil Lenning.
Deepsea Delta will continue to be operated by Odfjell Drilling under a management and lease agreement with Songa Offshore ASA until 2012. The rig is currently on contract with StatoilHydro ASA until end February 2009 and has thereafter been fixed for three years to Revus Energy ASA and Det norske oljeselskap ASA. Odfjell Offshore, a company within the Odfjell Drilling group, will have the operational responsibility for the rig throughout these contracts.
Odfjell Drilling - two new 6th generation semi submersiblesWhen Odfjell Drilling's new build, Deepsea Atlantic - a sixth generation semi submersible under construction at Daewoo in Korea - starts drilling operations for StatoilHydro in the first quarter next year, Odfjell Drilling will have four mobile drilling units operating on the Norwegian Continental Shelf. In June 2010 the fleet will increase with the delivery of Deepsea Stavanger. Odfjell Drilling also carries out platform drilling on 10 fixed installations on the Norwegian Continental Shelf as well as extensive deliveries of well services and technology services. This new contract will further strengthen Odfjell Drilling's position as a leading drilling operator on the Norwegian Continental Shelf.
© 2009 Odfjell Drilling Ltd. Hamilton, Bermuda. All rights reserved - Editor in Chief: Sunniva Seterås