Odfjell Drilling awarded LOI for Breidablikk development

Deepsea Aberdeen (Photo: MarineTraffic.com/Ronnie Robertson)

Equinor has awarded a letter of intent (LOI) to Odfjell Drilling for the drilling and completion of the Breidablikk project using the drilling rig Deepsea Aberdeen.

The contract is set to commence during the spring of 2022 with a scope of 15 firm wells and an estimated duration of 2.5 years. In addition, there are nine optional wells.

The approximate contract value for the firm scope is US$290 million excluding any integrated services, modifications/upgrades, and mobilisation/demobilisation fees. In addition, a notable performance incentive rate will apply when wells are delivered ahead of target.

The rate for the optional wells will be mutually agreed based on performance and market benchmarks.

The LOI is subject to finalisation of contract.

Baird Maritime

The best maritime site on the web. The sea's our scene!