The estimated duration is approximately 50 days plus possible well testing.
The addition of the well with MOL Norge will keep Deepsea Bergen continuously employed during 2019. The contract value is estimated to USD 9 million plus potential incentive bonus.
Deepsea Bergen is currently working for Equinor, which is now expected to be completed around January 2019, after which it will continue with contracts with one well for Ithaca Energy in the UK and one HPHT well for OMV Norge.
For further queries, please contact:
Eirik Knudsen, VP Corporate Finance & Investor Relations
+47 934 59 173
30 October 2018
Odfjell Drilling Ltd.
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.
Following the Equality Act 2010 (Gender Pay Gap information) Regulations 2017, all UK companies with more than 250 employees will have to publish details of their gender pay gap in line with the Government’s Gender Pay Gap Reporting Requirements.
Odfjell Drilling’s business in Norway is growing as two new semisubmersibles are joining the fleet in 2019. In the next months, we will employ more than 200 operational personnel, engineers and administrative support personnel to support our growing North Sea activities.