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Odfjell Drilling finds new work for terminated semi-submersible

Odfjell Drilling has been awarded a new contract by Wintershall Dea Norge for semi-submersible rig Deepsea Aberdeen, just as the rig was given notice of termination by BP.

BP Exploration Operating Company has given notice to Odfjell for the termination of the contract for the rig, which was originally due to expire in April 2022.

At the same time as the BP termination, Odfjell has been awarded a contract by Wintershall for use of the rig at the Dvalin North and Bergknapp fields and development wells at the Vega field on the Norwegian Continental Shelf.

The new contract is for four firm and three optional wells, and duration is around 300 days. The contract is set to commence in February or March 2021.

Odfjell Drilling will also be compensated by BP with an early termination fee via monthly payments until April 2022. The termination fee will be reduced while the vessel is contracted to Wintershall.

“The Wintershall Dea contract is an important addition to Odfjell Drilling and we look forward to once again working with Wintershall Dea in the Norwegian sector. The contract is another recognition of Odfjell Drilling’s ability to provide efficient drilling operations in harsh environments,” said Simen Lieungh, CEO of Odfjell Drilling.

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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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