Wellesley Petroleum Signs One Well Deal for Deepsea Bergen

Reference is made to the stock exchange notice of 3 April 2017 whereby Odfjell Drilling announced a letter of intent for its semi-submersible Deepsea Bergen.

Odfjell Drilling has on 9 June 2017 signed a contract with Wellesley Petroleum AS for one firm exploration well, plus an optional well testing and sidetrack, on the Norwegian Continental Shelf (NCS). The contract commencement is scheduled to Q3/Q4 2017 and will be followed by a contract on Norwegian Continental Shelf with OMV Norge for a one firm "high pressure high temperature" well (HPHT-well) plus options for two wells as earlier announced.

Deepsea Bergen is now working for Faroe before the rig will recommence the Statoil contract and complete the remaining drilling program of one well at contract day rate.