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Lundin Energy and Odfjell Drilling sign letter of intent for Deepsea Stavanger rig

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Oilfield Technology,


Lundin Energy Norway and Odfjell Drilling have signed a letter of intent for the use of the Deepsea Stavanger rig.

The letter of intent is subject to the finalisation of contract and final approvals from involved parties. The contract is set to commence in 3Q21 with a duration of one firm well plus eight optional wells. The firm contract scope has an estimated contract value of approximate US$11-14 million plus incentives. The contract is set to commence in 3Q21, back-to-back with Deepsea Stavanger’s upcoming five well contract with Aker BP.

“We are very pleased to continue to add backlog to our fleet and this letter of intent from Lundin Energy Norway again confirms our strong position in the harsh environment market. We are confident that Deepsea Stavanger will meet the high expectations set by Lundin Energy Norway and its partners” said CEO of Odfjell Drilling AS, Simen Lieungh.


Read the latest issue of Oilfield Technology in full for free: Oilfield Technology's November/December 2020 issue

The November/December issue of Oilfield Technology begins by reviewing the state of the North Sea before moving on to cover a range of topics, including Drilling Technologies, Deepwater Operations, Flow Control.

Contributors come from Varel Energy Solutions, Gyrodata, Clariant Oil Services, Drillmec and many more.

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/25012021/lundin-energy-and-odfjell-drilling-sign-letter-of-intent-for-deepsea-stavanger-rig/

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