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Thursday, March 2, 2017
Odfjell Drilling signed a conditional letter of award with an unnamed oil major for the drilling of one well. The award is for the use of Odfjell’s Deepsea Stavanger semi-submersible, offshore South Africa.
The contract commencement is back to back with completion of the upcoming contract with Wintershall Norge on the Maria field. The contract value including compensation for mobilization/demobilization period is estimated up to $55 million. The company expects the drilling of the well to take 60-80 days.
“We are very pleased to receive this sign of commitment and confidence. The companies have collaborated closely on this challenging project for many months and believe together we have a technical and operational solution to meet the unique combination of harsh environment conditions encountered on site. This project with its technical complexities, deepwater and harsh environment is considered an ideal match for Odfjell Drilling as we strengthen our position as contractor of choice for challenging harsh environments,” says CEO Simen Lieungh.
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