ODFJELL DRILLING SECURES CONTRACT FOR DEEPSEA YANTAI WITH PGNIG

Odfjell Drilling announced that on behalf of CIMC OFFSHORE AS, the Company has agreed a contract with PGNiG Upstream Norway AS for the use of the drilling rig Deepsea Yantai.
The contract includes the drilling of one firm well, Tomcat, in PL 1055 in the Norwegian Sea, with the option to drill two further wells in 2024. The firm scope of work is estimated to take 55 days and will commence in Q2/Q3 2024.
As a result of the signing of this contract, the firm backlog for the DeepseaYantai is expected to now extend into Q3 2024.
Deepsea Yantai, managed by Odfjell Drilling is a GM-40 mid-water submersible built in China by Yantai CIMC Raffles. The drilling rig was delivered in 2019.
(Source: Odfjell Drilling – Image: Deepsea Yantai)