A four-year frame contract has been signed by COSL Drilling Europe and OKEA for the use of COSL’s drilling units on the Norwegian Continental Shelf (NCS).
In addition, OKEA has the right to exercise up to 4, one-year options, which gives a potential of a total contract length of eight years.
The first well commitment to utilize this agreement is expected to be in conjunction with the Final Investment Decision on the Hasselmus project, a gas tie-in to the Draugen field.