Odfjell Drilling signed a letter of award (LoA) today (31 May) with Statoil to secure the Deepsea Bergen for drilling activities in 2018-2019.
The LoA includes one firm well plus four options for three additional wells, which totals out to 14 months in all. The estimated start up is Q2/Q3 2018 in direct continuation with the OMV drilling program. The contract value is up to US$55 million (including the firm well and three priced options). In addition there is one option at market rate.
It has been further agreed to suspend completion of the current Deepsea Bergen Statoil contract and re-arrange the drilling schedule, allowing an earlier commencement of the one plus one well contract with Faroe. After the completion of the Faroe well, the rig will re-start the Statoil contract and complete the remaining drilling program of one well at the contract day rate, says Odfjell.
The Deepsea Bergen has landed a string of contracts in the past few months.
Read more:
Faroe to drill Brasse duo with Deepsea Bergen