Odfjell Drilling Shetland Ltd has acquired a discover of early termination from BP Exploration Operating Company Ltd of the contract for semi-submersible Deepsea Aberdeen.The contract was initially attributable to expire in April 2022. In accordance with the contract phrases, Odfjell Drilling shall be compensated with an early termination payment by month-to-month funds till April 2022.
Concurrent with the BP termination, Odfjell Drilling has been awarded a contract by Wintershall Dea Norge AS to be used of the Deepsea Aberdeen on exploration wells at Dvalin North and Bergknapp fields and improvement wells at Vega subject on the Norwegian Continental Shelf. The contract consists of 4 agency and three optionally available wells with an anticipated agency period of roughly 300 days. The contract is anticipated to begin in February/March 2021. In addition, Wintershall Dea and Odfjell Drilling have entered right into a long-term body settlement for potential future rig wants.
As the Wintershall Dea contract falls throughout the unique BP contract period, BP shall be entitled to a discount in termination payment funds whereas the Deepsea Aberdeen is working for Wintershall. In whole, Odfjell Drilling expects to take care of the identical internet money circulation as would have been the case with continued operations beneath the unique BP contract.
“We wish to thank BP for his or her co-operation and help all through the Deepsea Aberdeen contract to date. The teamwork and total effectivity of the effectively execution has been spectacular. We sit up for continued cooperation on the platform drilling operations offered by Odfjell Drilling.
The Wintershall Dea contract is a crucial addition to Odfjell Drilling and we sit up for as soon as once more working with Wintershall Dea within the Norwegian sector. The contract is one other recognition of Odfjell Drilling’s capability to supply environment friendly drilling operations in harsh environments.” says CEO of Odfjell Drilling AS, Simen Lieungh.
Deepsea Aberdeen is at CCB outdoors Bergen the place it can keep whereas securing the Acknowledgement of Compliance with Norwegian Authorities and getting ready for the Wintershall Dea Contract.
(Source: Odfjell Drilling – Image: Deepsea Aberdeen)
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