May 20, 2020

Odfjell Drilling and Total South Africa have agreed that the semi-submersible Deepsea Stavanger will remain idle in Norway for a period prior to the mobilisation of the rig.
Odfjell Drilling will be compensated by Total during this idle time.
Once the idle period is complete, the rig will mobilise to South Africa to commence its charter as planned.
The idle agreement is a reflection of both Parties’ commitment to proceed with the South Africa drilling program and shall provide the framework to navigate the current uncertainty.
In December 2019 Odfjell Drilling and Semco Maritime signed a contract for preparation and modification of the semi-submersible prior to her commencement of a 9-month drilling campaign for Total in the harsh waters outside South Africa. The semi-submersible rig completed a high docking (with thrusters on) in Semco Maritime’s rig yard at Hanoytangen, Bergen.
In July 2019 Odfjell Drilling signed a firm drilling contract with oil major Total for drilling offshore South Africa. The contract value including mobilization and demobilization was estimated as being $145-190 million. In February 2019,
Deepsea Stavanger a GVA 7500 ultra-deepwater semi-submersible was deliver in 2010 at Daewoo Okpo shipyard in South Africa. The drilling rig was previously drilling for Aker BP in the Norwegian Continental Shelf.
In February 2019 Total made a significant gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin, 175 kilometers off the southern coast of South Africa using the Deepsea Stavanger.
The Brulpadda well encountered 57 meters of net gas condensate pay in Lower Cretaceous reservoirs. Following the success of the main objective, the well was deepened to a final depth of 3,633 meters and has also been successful in the Brulpadda-deep prospect.
(Source: Total)