Odfjell Drilling nets new contract for Deepsea Yantai semisubmersible

Odfjell Drilling and PGNiG Upstream Norway have agreed on a contract for the use of the Deepsea Yantai semisubmersible.

The contract includes the drilling of one firm well, Tomcat, in PL 1055 in the Norwegian Sea, with the option to drill two further wells in 2024. The firm scope of work is estimated to take 55 days and will commence in Q2/Q3 2024.

As a result of the signing of this contract, the firm backlog for the Deepsea Yantai is expected to extend into Q3 2024.