The firm contract is for 4 years with 3 x 2 years optional periods. The estimated firm contract value is approximately USD 20 million per year subject to operational activity during the contract duration.
As earlier announced, Odfjell Drilling will commence operations on the Mariner and the Johan Sverdrup field for Statoil during second half 2018.
For further queries, please contact:
VP Corporate Finance & Investor Relations
+47 934 59 173
3 April 2018
Odfjell Drilling Ltd.
Odfjell Drilling has today 11. September 2018 signed a contract with Ithaca Energy (UK) Limited for one firm production well, plus optional wells with commencement in either 2019 or 2020 to be mutually agreed, on the UK Continental Shelf ("UKCS").
Reference is made to the stock exchange notice of 21 April 2017 whereby Odfjell Drilling announced a one-well contract plus two optional wells for its semi-submersible Deepsea Bergen with OMV (Norge) (“OMV”). The first well was finalized in April 2018 with a successful discovery as earlier reported by OMV.
ODL – Odfjell Drilling signs drilling contract for Deepsea Atlantic and the Master Frame Agreement with Equinor
Please find attached the Q1 2018 Presentation which will be used as a basis for today’s investor conference call at 15.00hrs CET.