ODL – additional work added to Deepsea Aberdeen and Deepsea Stavanger Equinor Contracts
Thursday 4 May 2023
Equinor has added additional firm scope for the Deepsea Aberdeen as provided for in the contract entered into by the parties in November 2020. The new wells, which shall be drilled on the Svalin field starting in Q4 2023 have an estimated duration of 174 days, extending the Deepsea Aberdeen’s firm backlog into Q2 2025.
Equinor has the opportunity to exercise further wells under the optionality mechanisms contained in the contract. The added firm scope has an approximate value of USD 67 million , excluding integrated services, performance and fuel performance incentives.