Equinor has awarded Odfjell a contract for drilling two times three production wells for the Fram and Askeladd licences by using the Deepsea Atlantic rig.
Odfjell has also been awarded a master framework agreement (MFA).
Equinor has signed a framework agreement with Odfjell with terms that will be used for future rig contracts with Odfjell on the Norwegian continental shelf. At the same time, the first rig contract has been signed for Deepsea Atlantic under this contract format.
“We have reached a long-term agreement with standard terms that will ensure more efficient procurement processes for future assignments with Odfjell. In addition, we have secured an efficient rig, Deepsea Atlantic, for a fixed period to start with, before we move to continuing options that can be exercised across Equinor-operated licences. The options will have market index prices ensuring that we have competitive conditions in the market at all times,” says Pål Eitrheim, senior vice president for Procurements.
The established work programme is scheduled to start in January 2019. Deepsea Atlantic is a semi-submersible 6th generation mobile drilling rig.