The drilling programme awarded in March this year is now for eight fixed wells with eight optional wells.
Director Drilling and Wells in Neptune Energy in Norway, Thor Andre Løvoll, says:
“This is an important milestone for us. The Deepsea Yantai rig mobilisation and start-up has been an impressive cooperation and teamwork between Odfjell Drilling and Neptune Energy. We are now on schedule and ready to commence drilling of the Duva-field, which will be developed through subsea tie-backs connecting two templates to the nearby Gjøa platform, operated by Neptune Energy Norge. “
First production from Duva is expected in late 2020 with total recoverable resources estimated to be 120 million barrels of oil equivalent (boe).
"I extremely satisfied with being able to mobilise Deepsea Yantai for Neptune Energy in line with our plan upon delivery of the unit in March this year, and I am even more impressed by the extensive efforts all our employees have shown to achieve this. I honour all our offshore employees, the onshore organisation and the project team organization for their great contribution both with the AoC and the final preparations for a safe an efficient operation for Neptune”, says Odfjell Drilling’s Rig Manager Steffen Kalvik.
Following commencement of Deepsea Nordkapp for Aker BP on 13 May this year, this is the second new harsh environment semisubmersible added to our fleet in 2019, making a total fleet of six semisubmersible units operating in the North Sea.
On 31st October at 9:45 pm. local time, Deepsea Yantai commenced the rig’s first drilling contract ever. The first well for Neptune Energy is at the Duva field (Production License 636) in block 36/7.
Odfjell Drilling Ltd. reports for the second quarter of 2019
Odfjell Drilling has today signed a firm drilling contract with oil major Total for drilling offshore South Africa with the 6th generation semi-submersible Deepsea Stavanger
Odfjell Drilling has today received firm bank commitments for a refinancing related to its 2019 debt maturities, as further described below.