Fossil Energy – Drilling
Deepsea Stavanger has been awarded a five-year firm contract with Aker BP ASA for drilling programs scheduled to commence early 2025.
The base contract value is in the range of USD 620 million to USD 730 million, where the ceiling of the day rate range shall be adjusted based on an inflation adjustment formula starting from June 2023.
In addition to the market based day rates, Aker BP shall pay performance and fuel savings incentive bonuses.
The contract award is subject to license partner approval and Norwegian
governmental approvals of Plan for Development and Operation (PDO) of planned projects.