Odfjell Drilling awarded contract with Total E&P South Africa
HAMILTON, Bermuda -- Further to the conditional letter of award (CLOA) as announced on March 1, 2017, Odfjell Drilling has now been awarded the contract as described in the CLOA. The contract is awarded by Total E&P South Africa and is for a one well, plus one optional well, to be drilled by the sixth-generation semisubmersible, Deepsea Stavanger, offshore South Africa.
The contract commencement shall be between June 2018 and April 2019 and shall be back to back with completion of the ongoing contract with Wintershall Norge on Maria field or any subsequent contract.
The contract value including compensation for mobilization/demobilization period is estimated up to $55 million. The company expects the drilling of the firm well to take 60-80 days.
