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Equinor exercises options for Odfjell Drilling semi-submersible

Norway’s Equinor has exercised options for three new wells utilising Odfjell Drilling semi-submersible rig Deepsea Atlantic.

The wells have been exercised under the continued optionality mechanism in the contract entered into between the parties in 2018 as part of an overall frame agreement.

The contract is worth around $45m, and work is scheduled to commence in the second quarter of 2020.

Simen Lieungh, CEO of Odfjell Drilling, commented: “The continued optionality mechanism in the contract serves to provide a framework for the parties to continue a long term working relationship, and we believe that the extension is evidence of the importance of Deepsea Atlantic in Equinor’s drilling plans. We will continue to do our utmost to deliver safe and efficient operations to the benefit of both parties.”

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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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