Deepsea Metro I drillship hired for drilling off Philippines
- Business & Finance
Odfjell Drilling has secured a one-well contract for the ultra-deepwater drillship, Deepsea Metro I.
The drillship has been hired by Galoc Production Company W.L.L., a subsidiary of Nido Petroleum Limited, for drilling offshore Philippines.
According to Odfjell, the Deepsea Metro I will be contracted for one firm well of approximately 3 weeks in duration and one optional side track. The contract period will be approximately 4-5 weeks with a start window of 1-31 March 2017.
The company did not provide the financial details of the contract.
Deepsea Metro I is owned by Golden Close Maritime Corp. Ltd., a company owned by Deep Sea Metro Ltd., which is a joint venture between Metro Exploration (60%) and Odfjell Drilling (40%). Odfjell Drilling is the manager of the vessel.
The drillship previously worked for Petronas in Malaysia.