The contract value including compensation for mobilization and demobilization periods is estimated as being USD 145 - 190 million plus incentives. The company expects the drilling program to take 180-280 days. Mobilization to South Africa is expected to start in Q1 2020.
"Following Total's recent successful campaign with Deepsea Stavanger in South Africa on the Brulpadda well, which ended in February 2019, we are very pleased to continue the collaboration with Total for the next phase of the project on Block 11B/12B.
We believe it is of great benefit to Odfjell Drilling and Total to be able to
utilize the same drilling unit for the next wells in order to build on the
experience from the previous exploration drilling campaign in this operationally challenging harsh environment high-current area", says Simen Lieungh, CEO.
For further queries, please contact:
Eirik Knudsen, VP Corporate Finance & Investor Relations
+47 934 59 173
Aberdeen, United Kingdom
11 July 2019
Odfjell Drilling Ltd.
Odfjell Drilling Ltd. reports for the third quarter of 2019
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