Odfjell Drilling has signed a letter of intent with Lundin Energy Norway for Deepsea Stavanger.
The LOI is subject to finalization of the contract and final approvals from stakeholders.
The contract is set to commence in Q3 2021, back-to-back with Deepsea Stavanger’s upcoming five well contract with Aker BP.
The firm contract scope has an estimated contract value of approx. U$ 11-14 million plus incentives, according to offshore drilling contractor.