Norwegian offshore drilling contractor Odfjell Drilling said Monday that Equinor had exercised its priced options for Odfjell's Deepsea Atlantic semi-submersible drilling rig.
Under the extension to drill five additional wells on the Johan Sverdrup Phase 2 field development in the North Sea, offshore Norway.
The five wells are expected to take around 190 days to drill, and the extension is valued at around $64 million.
This extends the dual-derrick, dynamic-positioned semi-submersible drilling rig's firm backlog into the first quarter of 2024.
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