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Odfjell Drilling scores Malaysian drillship contract from Petronas

Odfjell Drilling has announced that it has secured new employment for drillship, Deepsea Metro I, through the signing of a conditional letter of award with Petronas for one firm well plus four optional wells offshore Malaysia.

The contract is expected to take place in the second quarter of 2016 for a period of around 60-70 days, and has an estimated contract value of $11-13m.

The optional wells could extend the total contract duration to 245 days with an estimated total contract value of $46m.

Deepsea Metro I is owned by Golden Close Maritime Corp, a company owned by Deep Sea Metro, which is a joint venture between Metro Exploration (60%) and Odfjell Drilling (40%). Odfjell Drilling is the manager of the vessel.

The vessel was moved to Malaysia after completing its contract with Vietgazprom in Vietnam in January 2016.

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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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