OMV Exercises Option on Deepsea Bergen
Monday 2 July 2018
Odfjell Drilling announced that OMV today has exercised the second optional well of the contract. The next well is an appraisal well also with “high pressure high temperature”-characteristics on the Norwegian Continental Shelf. Please further note that the first optional well of the contract is no longer applicable, however the parties have agreed to add a third optional well.
The contract commencement is scheduled to Q2 2019 and has an expected duration of approx. 140 days. The total contract value is up to USD 28 million.