Wintershall has awarded Odfjell Drilling’s semi-submersible Deepsea Stavanger a $175million contract for the drilling of production wells on the Maria field in the Haltenbanken area of the North Sea.
The contract is for six wells with an expected duration of 574 days and an estimated contract value of $175million beginning April 2017.
The contract additionally contains additional well options. The estimated contract value of the optional wells is $98million.
Odfjell chief executive Simen Lieungh said: “We appreciate the trust Wintershall and its partners show us in developing the Maria field. This contract is an important addition to Odfjell Drilling’s order backlog and increases the company’s earnings visibility during a challenging market cycle.”
Deepsea Stavanger is currently employed by BP in Angola on a contract that is expected to mature during November this year. Odfjell Drilling continues to market the rig in order to secure temporary employment for Deepsea Stavanger to fill the gap to its start-up on the Maria field.
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