Odfjell Drilling awarded a contract with Total E&P South Africa

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Odfjell Drilling awarded a contract with Total E&P South Africa

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.

Source: www.odfjelldrilling.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.