Odfjell Drilling awarded 18-month drilling contract by Statoil

Norwegian drilling contractor Odfjell Drilling has been awarded a conditional letter of intent for a drilling contract by compatriot energy major Statoil.

The contract will see the company’s semi-submersible drilling platform  Deepsea Atlantic drill six firm wells with an estimated duration of 18 months, scheduled to commence in the first quarter of 2019. Options are included to continue operations after the firm period.

The value of the contract is estimated at $160m.

“The contract is another important milestone for Odfjell Drilling in maintaining a close relationship with one of our key clients on NCS. We have enjoyed great operational success in our partnership with Statoil on Johan Sverdrup and we are setting our sights even higher to improve on previous performance going forward by implementing new digital solutions to increase efficiency in operations,” said Simen Lieungh, CEO of Odfjell Drilling.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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