Norwegian energy major Equinor has exercised options for seven wells for Odfjell Drilling’s semi-submersible Deepsea Aberdeen for work on the Breidablikk field.
The exercised options are planned to start in the mid-first quarter of 2025 in direct continuation of the current firm period and extend the firm backlog on the Deepsea Aberdeen to the end of the fourth quarter of 2025.
The options have a value of approximately $138m, excluding integrated services, performance, and fuel incentives.
In addition to the exercised wells, the contract now includes further optional periods which, if exercised, could keep the Deepsea Aberdeen contracted to 2029.
Such optional periods consist of six optional wells followed by three further optional periods of eight wells each. The rates for all such optional periods are to be mutually agreed upon prior to exercising.
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