Odfjell Drilling awarded for well drilling contract in Norwegian Continental Shelf

Deepsea BergenOdfjell Drilling was awarded for well drilling contract by Faroe Petroleum Norge. The agreement is for drilling one well project at the Norwegian Continental Shelf, plus option for further one well. The contract will commence in mid-July 2017 and will employ the third generation semi-submersible drilling rig Deepsea Bergen. The finance details of the contract were no released, but it is very important for the offshore rig operator, which suffers from low liquidity, growing debt and low ratio or employment. The Norwegian offshore driller was in danger of bankruptcy due to senior secured term loan facility secured by the two sixth generations rigs maturing in November 2016, but succeeded to agree with creditors for refinancing.

The third generation semi-submersible drilling rig Deepsea Bergen has Aker H-3.2 design. It was built in 1983 by Aker Norway. The semi-sub underwent the 5-year special periodic survey in 2015 at Aibel’s yard. The yard stay was completed in October 2015 after which the rig left to resume its long-term contract with the Norwegian oil company Statoil.

Deepsea Bergen (IMO: 8750833) has length of 99.10 m and beam of 92.40 m. The offshore rig rated water depth of 450.00 m, and rated drilling depth of 7620.00 m.