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 Please further note that the first optional well of the contract is no longer applicable, however the parties have agreed to add a third optional well.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.