New rig joins Odfjell Drilling's Norwegian fleet

abarrelfull wrote on 17 May 2012 08:22
Tags: odfjell services

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"The operation of Island Innovator will be an important contribution to Odfjell Drilling's activity on the Norwegian continental shelf. The contract between the owner Maracc and Lundin Norway AS will mean greater predictability for Odfjell Drilling and our operations in Norway. We will need around 170 employees to operate the rig," says Simen Lieungh, CEO of Odfjell Drilling.

Odfjell Drilling has an agreement with Marine Accurate Well ASA (Maracc) for the operation, project follow-up and marketing of the rig Island Innovator, which will be ready for drilling operations on the Norwegian continental shelf from summer 2013.

Maracc and Lundin Norway AS have signed an agreement for Island Innovator to drill 12 wells. It is expected that the activity will extend over approx. two years from start-up in the second quarter 2013.

"The Norwegian continental shelf is our home market. We have almost 40 years' experience of operating rigs that are wholly or partly owned by companies other than Odfjell Drilling. Management agreements of this kind are an important part of our strategy, and they form the basis for further developing our expertise in operating mobile rigs and providing production drilling services for operator companies. We will do our utmost to deliver safe and efficient drilling services for Lundin and Maracc," says Simen Lieungh.

The building of Island Innovator is being completed at Cosco Shipyard, Qidong in China. Odfjell Drilling has mobilised a follow-up team at the yard that will ensure progress and the quality of the remaining work. The rig will fly the Norwegian flag and will have an Acknowledgement of Compliance (AOC) for mobile installations from the Petroleum Safety Authority Norway.

• New rig joins Odfjell Drilling's Norwegian fleet

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