Neptune Energy has booked the Deepsea Yantai rig to drill two further wells in Norwegian waters next year.
Odfjell Drilling (OSLO:ODL) confirmed Monday that it had agreed to extend its contract with Neptune Energy Norge for the use of the Deepsea Yantai drilling rig.
The scope of work is estimated to take 60 days and will commence in direct continuation of another two-well contract with Neptune, confirmed in early October this year, making for a total campaign of four wells.
This too is expected to take 60 days and is scheduled to begin in Q3 2023.
As a result of the signing of this extension, the backlog for the Deepsea Yantai is expected to now be pushed back to the start of Q2 2024.
Current backlog includes work booked with OMV Norge for the use of the Deepsea Yantai to drill one firm well at Eirik in PL817 in the North Sea, plus one optional well “in 2023 or 2024.”
The scope of the firm work is estimated to take 60 days and will commence in Q1 2023.
In addition, Odfjell secured a contract with Shell’s Norwegian unit for use of the drilling rig to permanently plug and abandon nine wells in Norwegian waters, beginning some time in Q3-Q4 2023.
The scope of work spans four locations across the Knarr and Gaupe fields, and will take an estimated 145 days.
Delivered in 2019, the semi-submersible Deepsea Yantai is designed for harsh environment deployment and the first rig of its type to be used by the Norwegian drilling operator.
Capable of working at water depths of up to 1,200 m, the unit has a loading capacity of 4,000 metric tonnes in all operating conditions and is fully winterised for operation in all waters, including an arctic environment.
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