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Neptune Energy extends semsub contract with Odfjell Drilling and CIMC Raffles

Neptune Energy has extended a contract with Odfjell Drilling and Chinese yard CIMC Raffles for the Deepsea Yantai semisub drilling rig, to include three additional wells in the Norwegian North Sea next year.

The 2019-built rig is currently drilling the production wells at the Neptune-operated Fenja field in the Norwegian Sea. The extension will include one additional well at the Fenja field and two exploration wells within core areas of the Norwegian sector. Neptune also has the option to include additional wells under the current contract.

Neptune Energy’s managing director for Norway, Odin Estensen, said: “The extension of the contract for the Deepsea Yantai plays a vital role in our busy drilling program for next year, including both development and exploration drilling in our core areas with a clear ambition to further grow our business on the Norwegian Shelf.”

The Deepsea Yantai, owned by CIMC Raffles, has been operating for Neptune Energy in Norway since November 2019. This included completion of the appraisal and production wells at the two new Gjøa P1 and Duva fields, and several exploration wells including the Dugong discovery last year.

Neptune Energy and Odfjell Drilling have also entered into a long-term frame agreement for potential future rig needs.

Adis Ajdin

Adis is an experienced news reporter with a backgroud in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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