Odfjell Drilling is pleased to announce that OMV today has exercised the second optional well of the contract. The next well is an appraisal well also with “high pressure high temperature”-characteristics on the Norwegian Continental Shelf. Please further note that the first optional well of the contract is no longer applicable, however the parties have agreed to add a third optional well.
The contract commencement is scheduled to Q2 2019 and has an expected duration of approx. 140 days. The total contract value is up to USD 28 million.
For further queries, please contact:
Eirik Knudsen, VP Corporate Finance & Investor Relations
+47 934 59 173
29 June 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.