Rig and drilling contract for Johan Sverdrup

Statoil, on behalf of the Johan Sverdrup licence, has awarded two contracts at a total value of more than EUR 490M to Odfjell Drilling for drilling wells on the Johan Sverdrup field. Odfjell Drilling has been awarded contracts both for the Deepsea Atlantic semi-submersible rig and for drilling services on the fixed drilling unit to be installed on the Johan Sverdrup field. The rig contract includes the charter of the Deepsea Atlantic rig for three years, starting from March 2016. In addition, there are six 6-months options. The rig contract has a value of slightly more than EUR 280.

Statoil has also signed a contract with Odfjell Drilling for drilling services on the fixed drilling unit on the Johan Sverdrup field complex starting in December 2018. This contract has an estimated value of EUR 210M, and a duration of four years, including six 1-year options. Drilling from Johan Sverdrup’s fixed installation will be supported from Odfjell Drilling’s office in Stavanger.

The drilling rig for the Johan Sverdrup field will be built by Aibel together with Nymo in Grimstad and National Oilwell in Kristiansand. In February 2015, Odfjell Drilling was awarded a contract by Aibel for engineering support for the construction of the drilling platform. The company will also act as consultants during the rig engineering and construction process.

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