Norway: Odfjell Drilling, Statoil Sign Contract for “Deepsea Bergen” Oil Rig

 

Statoil and Odfjell Drilling have signed the contract for «Deepsea Bergen» commencing in June 2012.

Odfjell Drilling was awarded a Letter of Intent from Statoil in October last year for the utilization of «Deepsea Bergen» for development drilling on the NCS. The contract is now signed.

Duration, value and commencement

Statoil has the opportunity to decide duration of the contract from 3 to 5 years fixed, plus a 1 year option. Based on final contract duration the contract value will vary from approximately USD 382 million to USD 619 million.

The Deepsea Bergen is currently on a three year fixed contract with Statoil for development and exploration drilling in the Halten Nordland area.

The new contract is scheduled to commence when the current contract with Statoil on Deepsea Bergen expires in June 2012.

Deepsea Bergen is a self propelled semi submersible unit of enhanced Aker H-3.2, commissioned in February 1983 and has since launch operated mainly in the Norwegian sector of the North Sea. The work has included exploration drilling, production drilling, subsea completions of horizontal wells and plug- and abandon work. The rig has performed and is equipped for HPHT (high pressure – high temperature) operations.

Acknowledgement of Compliance

The Deepsea Bergen is operating in full compliance with applicable legislation. Odfjell Drilling received the Acknowledge of Compliance (AoC Diploma) issued by Petroleum Safety Authority Norway (PSA) in December 2001 for Deepsea Bergen. Deepsea Bergen is further ISPS certified. The rig has further an approved Safety Case from the UK Health & Safety Executive from April 2002.

Odfjell Drilling operates a number of semisubmersibles in the North Sea and has more than 36 years of international experience of design, ownership and operational management of semisubmersibles, drillships, jack-ups and modular drilling units. During the recent years Odfjell Drilling have invested heavily in the renewal of its company fleet, covering state of the art ultra deepwater drilling units capable for worldwide operations in all environmental conditions.

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Source:Odfjell Drilling, February 25, 2011;