Odfjell Drilling Ltd (Odfjell Drilling) is pleased to note the announcement made by SFL Corporation Ltd (“SFL”), which states that the Company, on behalf of SFL, has agreed with a subsidiary of GalpEnergia a drilling contract for two wells in Namibia, using the Hercules rig. The contract is expected to commence in Q4 2023 and has an estimated firm duration of 115 days including mobilisation to Namibia. This contract will follow the work agreed with Exxon in Canada as per the announcement on 18 November 2022.
Kjetil Gjersdal, Chief Executive Officer of Odfjell Drilling AS commented:
“Since taking on management and marketing for the Hercules, we have worked tirelessly on facilitating the vessel being ready for operations in Canada while also working to secure work after this. Agreeing this contract with Galp Energia, the third contract for work in Namibia we have agreed within the last year, is very exciting for our Company and we look forward to working with SFL and Galp Energia to meet expectations safely and efficiently.”
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 Galp
Galp is an energy company committed to the development of efficient and sustainable solutions in its operations and in the integrated offers to its customers that creates simple, flexible, and competitive solutions for the energy or mobility needs of large industries, as well as small and medium-sized businesses and individual consumers. Galp’s offer includes various types of energy – from electricity produced from renewable sources to natural gas and liquid fuels. As a producer, the company extracts oil and natural gas from reservoirs located miles below sea level, while also being one of the largest Iberian producers of solar-based electricity. Industry leaders in the world's main sustainability indices, Galp contributes to the economic development of the 10 countries where it operates and to the social progress of the communities. Galp has 6,360 employees.