Further to the conditional letter of award (“CLOA”) as announced on 1 March 2017, Odfjell Drilling has now been awarded the contract as described in the CLOA.
The contract is awarded by Total E&P South Africa and is for a one well plus one optional well to be drilled by the 6th generation semi-submersible, Deepsea Stavanger, offshore South Africa.
The contract commencement shall be between June 2018 and April 2019 and shall be back to back with completion of the ongoing contract with Wintershall Norge on the Maria field or any subsequent contract.
The contract value including compensation for mobilization /demobilization period is estimated up to USD 55 million. The company expects the drilling of the firm well to take 60-80 days.
About Odfjell Drilling
The business was founded in 1973, but boasts maritime roots that stretch back to 1914 and experience of the petroleum industry that began in the mid 1960s. Since its foundation, Odfjell Drilling has demonstrated its ability to conduct successful drilling operations in some of the most demanding environments on the planet. We are proud of the reputation for operational excellence we have built over the decades.
The company has established expertise in the operation of ultra deep water and harsh environment mobile offshore units in both Norwegian waters and internationally. In addition, we have built a position as a major supplier of personnel for drilling operations and maintenance on fixed and floating production platforms in the North Sea.
Odfjell Drilling operates two separate business units with area-specific expertise and proven performance levels within their fields. Drilling & Technology is a leading contractor in the production drilling and engineering market. Odfjell Well Services (OWS) is a major North Sea player and a global provider of casing and fishing services, well bore cleaning and tool rentals.