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 Please further note that the first optional well of the contract is no longer applicable, however the parties have agreed to add a third optional well.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.
CIMC Raffles and Odfjell Drilling have secured a drilling contract for Neptune Energy Norge by using the 6th generation harsh environment semisubmersible drilling unit “Beacon Atlantic”.
Odfjell Drilling is pleased to announce that BP will continue to use our platform drilling services on the UK continental shelf.
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").