Odfjell Drilling gets contract extension for rig

Odfjell Drilling and CIMC Raffles announced that Neptune Energy Norge has extended the contract for the Deepsea Yantai  semi-submersible offshore drilling rig with an additional 2 wells securing that the rig is fully occupied through 2021.

The extension was made so that the rig can conduct further work in the Dugong area in the Norwegian North Sea where Neptune Energy drilled a well with the rig during summer 2020. Neptune has, in addition, the option to exercise a further 8 wells under the current contract.

Neptune Energy’s Director of Projects and Engineering in Norway, Erik Oppedal:“With the extension of this contract, Neptune is pleased to keep the momentum up in the development of the Dugong field in the Norwegian Sea, one of last year's largest discoveries on the Norwegian shelf. Norway is a strategically important part of our global portfolio.

“The next milestone in this exciting development is drilling of the appraisal well starting in February / March.”

The rig is owned by China's CIMC and managed by the Norwegian drilling contractor Odfjell Drilling.