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Neptune Energy extends Deepsea Yantai contract

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Oilfield Technology,

Odfjell Drilling and CIMC Raffles have announced that Neptune Energy Norge has extended the contract for the Deepsea Yantai with an additional two wells, meaning that the rig is fully occupied through 2021.

The extension is made so that the rig can conduct further work in the Dugong area where Neptune Energy successfully drilled a well with the rig during summer 2020. Neptune has, in addition, the option to exercise a further eight wells under the current contract.

Neptune Energy’s Director of Projects and Engineering in Norway, Erik Oppedal, said: “With the extension of this contract, Neptune is pleased to keep the momentum up in the development of the Dugong field in the Norwegian Sea, one of last year's largest discoveries on the Norwegian shelf. Norway is a strategically important part of our global portfolio.The next milestone in this exciting development is drilling of the appraisal well starting in February / March.”

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