Odfjell Drilling Wins Johan Sverdrup Drilling Contracts

OSLO, June 15 (Reuters) – Norwegian oil main Statoil has awarded rig agency Odfjell Drilling contracts price as much as $1.04 billion for work on the enormous Johan Sverdrup discipline within the North Sea, Odfjell mentioned on Monday.

[contextly_sidebar id=”Y2F4Ufcua4ZueAXbt5GX7NwZPh4MU01s”]The Deepsea Atlantic drilling rig has gained a 3 12 months contract price $330 million for drilling manufacturing wells, with extra choices to increase the work by as much as three years price between $370 million and $470 million, it mentioned.

Odfjell was additionally awarded a 4 12 months contract, with six one-year choices to increase, to offer platform drilling providers price $240 million, together with the non-compulsory intervals.

Statoil has been beneficial as operator of the sector by the opposite companions together with Lundin Petroleum, Petoro, Det norske and Maersk Oil, a unit below Denmark’s A.P. Moeller-Maersk.

“The Deepsea Atlantic rig will drill minimum 13 pilot wells on the field prior to production start from Johan Sverdrup in late 2019. This enables us to utilise the production capacity from Johan Sverdrup as efficiently as possible,” Statoil’s undertaking supervisor for the sector, Oeivind Reinertsen, mentioned in a separate assertion from the oil agency.

The three-year deal for the Deepsea Atlantic drilling rig will give Odfjell a day price of about $300,000, in response to a Reuters calculation, in keeping with latest offers out there however solely half the extent seen previous to final 12 months’s sharp drop in crude costs.

Sverdrup, Europe’s costliest offshore vitality undertaking, incorporates as much as 3 billion barrels of oil equal (boe) and will function for 50 years, giving a lift to Norway’s declining oil business. ($1 = 7.7866 Norwegian crowns) (Reporting by Stine Jacobsen, modifying by Terje Solsvik)