Offshore drilling contractor Odfjell Drilling has firmed up contract awards with Equinor for drilling operations on two tasks in Norway.
The first contract is said to the Johan Sverdrup Phase 2 venture and the second to the Breidablikk drilling marketing campaign.
Following these letters of intent, the 2 corporations have now signed last contracts for the 2 drilling campaigns.
To remind, Equinor and Odfjell Drilling signed a letter of intent in July 2020 for the Deepsea Atlantic rig to drill 12 wells throughout section 2 of the Johan Sverdrup discipline growth in Norway, following its work on section 1.
Johan Sverdrup section 2 consists of the development of a subsea manufacturing system, reconstruction of the present riser platform and a brand new processing platform, which may also accommodate a converter unit receiving energy from shore.
The worth of the mounted a part of the settlement for Odfjell was estimated at round $150 million.
The drilling interval is scheduled to begin at first of 2022. The deal additionally consists of 5 optionally available wells.
Furthermore, Equinor and Odfjell Drilling in October 2020 signed a letter of intent for the drilling and completion of the Breidablikk venture within the North Sea with Deepsea Aberdeen rig.
This contract is about to begin throughout spring 2022 with a scope of fifteen agency wells and an estimated length of two.5 years. In addition, there are 9 optionally available wells.
The approximate contract worth for the agency scope of this deal is $290 million, excluding any built-in companies, modifications/upgrades and mobilisation/demobilisation charges.
Odfjell Drilling famous on Monday that the Breidablikk drilling marketing campaign is topic to PDO approval.
Equinor submitted the plan for growth and operation of the Breidablikk discipline to the Minister of Petroleum and Energy, along with awarding contracts for subsea services and upgrading of the Grane platform, in September 2020.
The growth idea chosen for the Breidablikk discipline is a subsea growth with 23 oil-producing wells from 4 subsea templates which can be managed from Grane.
Breidablikk can be tied in to the Grane platform for oil processing previous to being introduced ashore on the Sture terminal. First oil from the sphere is scheduled for the primary half of 2024.
The submit Odfjell Drilling companies up two contract awards with Equinor appeared first on Offshore Energy.