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.