ODL – management services on West Linus
Tuesday 22 February 2022
Reference is made to the stock exchange notice made by SFL Corporation Ltd (“SFL”) today. Odfjell Drilling is pleased to inform that we have agreed with SFL to provide management services for the harsh environment jack-up drilling rig West Linus. The agreement is based on terms and conditions customary for this type of agreements.
The rig is employed on a long-term drilling contract with ConocoPhillips Scandinavia AS (“ConocoPhillips”) in the North Sea until the fourth quarter of 2028. Odfjell Drilling will take over as manager of the rig as soon as regulatory approvals such as change of duty holder under the Acknowledgement of Compliance (“AOC”) is approved by Norwegian authorities. Odfjell Drilling expects this to be in place no later than 1 October 2022.
Simen Lieungh, CEO of Odfjell Drilling AS said in a comment: “Today we are engaged in platform drilling operations for ConocoPhillips in the Greater Ekofisk Area. The addition of the West Linus management contract will strengthen our long-term co-operation and we look forward to providing safe and efficient operations to ConocoPhillips.”