International drilling, well service and engineering company Odfjell Drilling said it has signed a Letter of Intent for Deepsea Bergen with MOL Norge for one exploration well in direct continuation of the contract with OMV Norge, estimated to expire in Q3/Q4 2019.
The estimated duration is approximately 50 days plus possible well testing, said a press release from the offshore rig firm.
The addition of the well with MOL Norge will keep Deepsea Bergen continuously employed during 2019. The contract value is estimated to $9 million plus potential incentive bonus.
Deepsea Bergen is currently working for Equinor, which is now expected to be completed around January 2019, after which it will continue with contracts with one well for Ithaca Energy in the UK and one HPHT well for OMV Norge.
In September, Odfjell Drilling signed a contract with Ithaca Energy (UK) Limited for one firm production well, plus optional wells with commencement in either 2019 or 2020 to be mutually agreed, on the UK Continental Shelf.
Commencement of the firm well is scheduled for February 2019 with an expected duration of 115 days and will be followed by a contract on Norwegian Continental Shelf with OMV Norge for a one firm "high pressure high temperature" well as earlier announced.