BP has awarded Odfjell Drilling a contract for platform drilling and maintenance services on three of its platforms in the UK North Sea. The contract period is for two years, with an additional two x one year options. The current contract will continue until end January 2019 followed by the commencement of the new contract. The firm contract period has an estimated value of up to USD 50 million.
Ole Fredrik Maier, EVP Platform Drilling says:
“This award from BP to continue our long relationship recognizes Odfjell Drilling as a quality provider of platform drilling and maintenance services with a strong focus on safe and efficient operations. We welcome and appreciate this new contract award from BP and look forward to a further long and productive working relationship”.
For further queries, please contact:
Eirik Knudsen, VP Corporate Finance & Investor Relations
+47 934 59 173
Aberdeen, United Kingdom
29 January 2019
Odfjell Drilling Ltd.
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").
Reference is made to the stock exchange notice of 21 April 2017 whereby Odfjell Drilling announced a one-well contract plus two optional wells for its semi-submersible Deepsea Bergen with OMV (Norge) (“OMV”). The first well was finalized in April 2018 with a successful discovery as earlier reported by OMV.