Equinor Bringing in a Third Odfjell Rig
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This news is classified in: Traditional Energy Oil and Gas

May 26, 2021

Equinor Bringing in a Third Odfjell Rig

Odfjell has been awarded a drilling contract for its Deepsea Stavanger mobile rig, scheduled to start drilling in February 2022. The contract includes continuing options after the initial phase.

The contract value is estimated at around USD 40 million for the fixed part of the contract. Drilling services and other additional services, such as running casing, treatment of wastewater, handling of cuttings, remotely operated vehicle (ROV) and fuel, are included in the contract.

“This rig is a sister rig to the other two Odfjell rigs; Deepsea Atlantic, which has drilled for us for many years, and Deepsea Aberdeen, which will drill on the Breidablikk field. We expect to gain experience across the three rigs, helping us reach our goals of ever safer and more efficient operations,” says Erik G. Kirkemo, senior vice president of drilling & well operations.

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Plans call for drilling three exploration wells in the North Sea, estimated to take around four months. The operating rate is at the same level as the other two rigs.

“Having had an excellent cooperation with Odfjell over time, we are now further strengthening this cooperation by adding one more rig. Even though we are bringing in this rig on a short-term commitment, our objective is to achieve a more long-term programme, also for this Odfjell rig,” says Mette Ottøy, chief procurement officer.