(WO) — Equinor Power AS has exercised choices for 2 extra wells for Odfjell Drilling’s Deepsea Atlantic semisubmersible rig, extending its agency contract into late fourth-quarter 2027.
The extra wells will likely be drilled in direct continuation of the rig’s present contract at charges agreed underneath the unique contract. Equinor retains priced choices for an extra two wells.
The extension follows a January 2025 settlement that added roughly $148 million to Odfjell Drilling’s contract backlog and prolonged the rig’s agency time period by the second quarter of 2027. Equinor and Odfjell Drilling have labored collectively on the Deepsea Atlantic since 2009.
The sixth-generation rig is designed for deepwater and harsh-environment operations, with dynamic positioning and a dual-derrick drilling system. It’s able to working in water depths of as much as 3,000 m, in keeping with Odfjell Drilling.