Norwegian offshore driller Odfjell Drilling has signed a conditional letter of award with an oil major for a one well drilling contract offshore South Africa.
Odfjell will deploy semi-submersible Deepsea Stavanger for the work, which will commence right after the rig completes a 574 days contract with Wintershall Norge commencing April 1, 2017.
The contract value including compensation for mobilization/demobilization period is estimated up to $55m. The company expects the drilling work to take 60-80 days.
“We are very pleased to receive this sign of commitment and confidence. The companies have collaborated closely on this challenging project for many months and believe together we have a technical and operational solution to meet the unique combination of harsh environment conditions encountered on site. This project with its technical complexities, deepwater and harsh environment is considered an ideal match for Odfjell Drilling as we strengthen our position as contractor of choice for challenging harsh environments,” said Simen Lieungh, CEO of Odfjell Drilling.