Odfjell Secures Maria Field Drilling Contract



Wintershall Norge AS has awarded Odfjell Drilling's Deepsea Stavanger (UDW semisub) a contract for the drilling of six production wells on the Maria field in the Haltenbanken area on the Norwegian Continental Shelf.

The contract, which has an estimated value of $175 million, is expected to commence on April 1, 2017. Deepsea Stavanger is currently employed by BP in Angola. Odfjell Drilling has stated that it will continue to market the rig in order to secure temporary employment until it starts work on the Maria field.     

Odfjell Drilling CEO Simen Lieungh commented in a company statement:

“We appreciate the trust Wintershall and its partners show us in developing the Maria field. This contract represents yet another recognition of Odfjell Drilling's ability to provide efficient drilling operations in harsh environment areas and I can assure that Odfjell Drilling will demonstrate the company's firm commitment to the successful development drilling of the Maria field. This contract is an important addition to Odfjell Drilling's order backlog and increases the company's earnings visibility during a challenging market cycle.”



WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

RELATED COMPANIES
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.