Rowan Stavanger to drill for Equinor on Gudrun field

Rowan Norway has been awarded a contract for drilling two wells at the Gudrun field by use of the Rowan Stavanger jackup rig. The rig has furthermore been awarded five options for drilling of single wells.

Equinor has signed a framework agreement with Rowan Norway, based on terms that will also apply to future rig contracts with the company.

The contract with the Rowan Stavanger jackup is based on the framework format and gives Equinor exclusive right to use the rig up to 2025 if the rig is kept in continuous operation.

The value of the fixed part of the contract is estimated at $23 million. In addition to drilling services, the rig owner is responsible for casing running, slop treatment and cuttings handling.

“We are pleased to establish an agreement with a rig supplier that is new to us as operator on the Norwegian continental shelf,” Geir Tungesvik, Senior Vice President for Equinor’s Drilling & Well Cluster, said. “Rowan is a large worldwide supplier of jackup rigs. We want to have a long-term cooperation with Rowan and have therefore signed a framework agreement with them.”