Further to our press release on 17 March 2021 regarding more work for Deepsea Atlantic, please be advised that Equinor has exercised one additional well to the rig.
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 the same as for the recently announced Johan Sverdrup Phase 2 contract award.
For further queries, please contact:
Gillian Basson, Corporate Secretary
+44 (0)7796 547889
Aberdeen, United Kingdom
22 March 2021
Odfjell Drilling Ltd.