ODL Awarded Additional Well Added to Deepsea Stavanger Equinor Contract

Source: www.gulfoilandgas.com 9/27/2021, Location: Europe

Equinor has exercised one (1) additional well to be added to the Deepsea Stavanger contract. The well has been exercised under the Continued Optionality mechanism in the contract entered into between the parties in May 2020, as part of the overall Master Frame Agreement. The additional well shall follow the current firm period of three (3) wells which commences during Q1 2022.

The rig is now expected to be occupied into Q3 2022. The commercial value for the additional well is approximately USD 20M.

The Deepsea Stavanger’s contract includes a notable performance incentive rate which shall apply when wells are delivered safely and ahead of target. Integrated services are provided through the contract and compensated separately.


Denmark >>  8/12/2022 - TotalEnergies EP Denmark A/S has exercised an option to add two months to the accommodation services work scope for the jack-up rig Maersk Interceptor...
South Africa >>  8/12/2022 - Eco (Atlantic) Oil & Gas Ltd., the oil and gas exploration company focused on the offshore Atlantic Margins, confirms that the Island Innovator rig, o...

United States >>  8/11/2022 - Aquadrill LLC ("Aquadrill” or the “Company") has extended the charter hire agreement for the Auriga rig with a subsidiary of Diamond Offshore Drilling...
Norway >>  8/8/2022 - The Petroleum Safety Authority Norway (PSA) has given Equinor consent to use the mobile drilling facility Transocean Encourage for workover of well on...

Singapore >>  8/5/2022 - Keppel Corporation Limited (“KCL”) refers to:
a. the media release dated 3 March 2014 with respect to Keppel FELS Limited (“Keppel FELS”), a who...

Nigeria >>  8/4/2022 - Borr Drilling Limited has received a binding Letter of Intent (“LOI”) for the premium jack-up drilling rig “Prospector 5” from an undisclosed operator...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.