A letter of intent has been issued to Odfjell Drilling and the Deepsea Aberdeen rig for drilling of 15 wells for the Breidablikk group, for which the partnership recently submitted the plan for development and operation (PDO).
Drilling is scheduled to start in the spring of 2022, and the campaign is estimated to last until the autumn of 2024.
The agreement includes options for drilling additional nine wells before continuous optionality apply. The estimated value of the fixed part of the agreement is USD 290 million. Additional costs include a number of integrated services, maintenance, modifications, mobilization and demobilization.
The contract is estimated to create 200 man-years in Norway connected to the rig, and an additional 20-40 man-years related to support functions.
Deepsea Aberdeen is a semi-submersible 6th generation rig with a dual derrick.
