Equinor Awards Breidablikk drilling Contract to Odfjell
A letter of intent has been issued to Odfjell Drilling and the Deepsea Aberdeen rig for drilling of 15 wells for the Breidablikk group, for which the partnership recently submitted the plan for development and operation (PDO). Drilling is scheduled to start in the spring of 2022, and the campaign is estimated to last until the autumn of 2024.
The agreement includes options for drilling additional nine wells before continuous optionality apply.
The estimated value of the fixed part of the agreement is USD 290 million. Additional costs include a number of integrated services, maintenance, modifications, mobilization and demobilization.
The contract is estimated to create 200 man-years in Norway connected to the rig, and an additional 20-40 man-years related to support functions.
“We have had excellent cooperation with Odfjell over time, and they have consistently delivered wells safely and efficiently to us by use of the Deepsea Atlantic drilling rig. This time a sister rig with the same technical design will be used and we have high expectations to Deepsea Aberdeen as well. Through this agreement we are enhancing our cooperation with Odfjell based on our good experience with the company, and it will be exciting to develop this further,” says Erik G. Kirkemo, senior vice president of drilling & well operations in Equinor.
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