Fossil Energy – Drilling
SFL Corporation has signed a drilling contract in Canada with a subsidiary of Equinor for the 10,000-ft harsh environment semisubmersible Hercules with an estimated contract value of about $100 million.
The contract is for one well plus one optional well and is expected to begin in the second quarter of 2024. The duration for the firm contract period is approximately 200 days including transit to and from Canada.
Odfjell Drilling will manage the rig on behalf of SFL.
