Please be advised that Equinor has exercised one additional well to the Deepsea Atlantic contract. The well has been exercised under the Continued Optionality mechanism in the contract entered into between the parties in May 2018, as part of the overall Master Frame Agreement.
The work shall commence after the completion of the current scope estimated to be in Q3 2021. The commercial terms are materially similar to the Deepsea Atlantic’s Johan Sverdrup Phase 2 contract which is expected to commence early Q1 2022.
For further queries, please contact:
Gillian Basson, Corporate Secretary
+44 (0)7796 547889
Aberdeen, United Kingdom
10 May 2021
Odfjell Drilling Ltd.