Aker BP exercises one-year option for Odfjell semi-submersible

Odfjell Drilling has announced that Aker BP has exercised the second one-year option for 2019-built semi-submersible rig Deepsea Nordkapp.

The option, which is under a contract entered into between the two companies in April 2018, will commence after expiry of the first optional period in June 2022.

Odfjell says the contract value is around $109m excluding any integrated services, with a performance bonus also applicable. Additionally, a further one-year option has been added to the deal.

Simen Lieungh, CEO of Odfjell Drilling, commented: “We are very pleased to see Aker BP’s continued commitment to the alliance agreement between the parties. The alliance has delivered exceptional performance on Deepsea Nordkapp and we see this extension a recognition of those good results. With the addition of a further option period we look forward to continuing the alliance into the future. ”

Odfjell also announced that Equinor has exercised a one-well option for 2009-built semi-submersible rig Deepsea Atlantic.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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