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Odfjell Drilling awarded contract by Total E&P

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Oilfield Technology,

Further to a conditional letter of award (CLOA), which was announced on 1 March 2017, Odfjell Drilling has been awarded the contract as described in the CLOA.

The contract has been awarded by Total E&P South Africa and is for a one well plus one optional well to be drilled by the semisubmersible, Deepsea Stavanger, offshore South Africa.

The contract commencement is set to be between June 2018 and April 2019. It will be back to back with completion of the ongoing contract with Wintershall Norge on the Maria field or any subsequent contract.

The contract value including compensation for mobilisation/demobilisation period is estimated up to US$55 million. The company expects the drilling of the firm well to take 60 - 80 days.

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