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.
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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/