The Deepsea Bergen contract is signed

abarrelfullabarrelfull wrote on 25 Feb 2011 15:24
Tags: norway odfjell services statoil

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Statoil and Odfjell Drilling have signed the contract for «Deepsea Bergen» commencing in June 2012.

Odfjell Drilling was awarded a Letter of Intent from Statoil in October last year for the utilization of «Deepsea Bergen» for development drilling on the NCS. The contract is now signed.

Duration, value and commencement
Statoil has the opportunity to decide duration of the contract from 3 to 5 years fixed, plus a 1 year option. Based on final contract duration the contract value will vary from approximately USD 382 million to USD 619 million.

The Deepsea Bergen is currently on a three year fixed contract withStatoil for development and exploration drilling in the Halten Nordland area.

The new contract is scheduled to commence when the current contract with Statoil on Deepsea Bergen expires in June 2012.

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