Odfjell Drilling secures Vietnam work

Odfjell Drilling in Norway has been awarded a contract with VietGazprom to deploy 2011-built drillship Deepsea Metro I (UDW drillship) to Vietnam.  The estimated contract value is approx. $40 million.

The area of operation is in Blocks 130 and 131 offshore Vietnam. Contract commencement is expected to take place mid 3Q 2015.

The drillship was previously working offshore Tanzania with BG Group, and will now head to blocks 130 and 132 offshore Vietnam for a period of approximately 20 weeks.

“We are pleased to secure new employment for Deepsea Metro I in the current challenging market. Since it was delivered from yard in 2011 the drillship has provided safe, reliable and the highest quality of drilling performance for our previous clients. The rig has been unemployed since December 2014 and is currently positioned in South Africa. It will start mobilizing for its new contract in Vietnam immediately,” says Simen Lieungh, CEO of Odfjell Drilling.

Deeps Metro I is owned by Golden Close Maritime Corporation, which is a joint venture between Metro Exploration and Odfjell Drilling. Odfjell manages the vessel, and expects it to commence the new contract during the third quarter of this year.

Source:  www.marinelink.com