Statoil assigns Odfjell Johan Sverdrup drilling program

Offshore staff

STAVANGER, Norway – Statoil has awarded two drilling contracts for the Johan Sverdrup field development in the Norwegian North Sea with a combined value of more than NOK 4.35 billion ($559 million).

Odfjell Drilling will provide the semisubmersible Deepsea Atlantic and drilling services on a fixed drilling unit to be installed on the Johan Sverdrup drilling platform.

The three-year charter of the Deepsea Atlantic starts in March 2016, with six extension options. Value of this contract is just over NOK 2.5 billion ($321 million).

The rig will drill at least 13 pilot wells on the field prior to the planned production start in late 2019.

Statoil values the four-year contract for the drilling services (also with extension options) at NOK 1.85 billion ($237 million). Odfjell Drilling will support this operation from its office in Stavanger.

Aibel, Nymo in Grimstad, and National Oilwell in Kristiansand will collectively build the platform’s drilling rig. In February Aibel contracted Odfjell for engineering support for construction of the drilling platform.

06/15/2015

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