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Equinor exercises more work for Deepsea Atlantic
Equinor has exercised three new wells for Deepsea Atlantic. Furthermore, two additional wells are pending final approval by Equinor and its licensees.

The wells have been exercised under the Continued Optionality mechanism in the Contract entered into between the parties in May 2018, as part of the overall Master Frame Agreement. The work shall commence after the completion of the current scope estimated to be in Q2 2020.

The approximate contract value for the firm scope is USD 45 million (excluding any integrated services). In addition, a performance bonus will be applicable.

Simen Lieungh, CEO Odfjell Drilling AS, says:
“The Continued Optionality mechanism in the contract serves to provide a framework for the parties to continue a long term working relationship, and we believe that the extension is evidence of the importance of Deepsea Atlantic in Equinor’s drilling plans. We will continue to do our utmost to deliver safe and efficient operations to the benefit of both parties.”

About Odfjell Drilling

Odfjell Drilling is a listed international drilling, well service and engineering company with 2500 employees and operations in more than 20 countries.

About Equinor

Equinor, is an international energy company with a proud history. Formerly Statoil, we are 20,000 committed colleagues developing oil, gas, wind and solar energy in more than 30 countries worldwide. We’re the largest operator in Norway, among the world’s largest offshore operators, and a growing force in renewables. Driven by our Nordic urge to explore beyond the horizon, and our dedication to safety, equality and sustainability, we’re building a global business on our values and the energy needs of the future.

Origine : Communiqué Odfjell Drilling

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