Commencement of the firm well is scheduled for February 2019 with an expected duration of 115 days and will be followed by a contract on Norwegian Continental Shelf with OMV Norge for a one firm "high pressure high temperature" well ("HPHT-well") as earlier announced.
Deepsea Bergen is currently working for Equinor, which is expected to be completed in December 2018.
For further queries, please contact:
Eirik Knudsen, VP Corporate Finance & Investor Relations
+47 934 59 173
11 September 2018
Odfjell Drilling Ltd.
Odfjell Drilling has today taken delivery of Deepsea Nordkapp from Samsung Heavy Industries in Korea.
Odfjell Drilling has today signed a Letter of Intent for Deepsea Bergen with MOL Norge for one exploration well in direct continuation of the contract with OMV Norge, estimated to expire in Q3/Q4 2019.
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.