Offshore staff
BERGEN, Norway – Aker BP has exercised a scope-based option with Odfjell Drilling for the semisubmersible Deepsea Nordkapp.
The option, included in a contract signed in April 2018, covers the time needed to complete the four Kobra East & Gekko (KEG) development wells in the Alvheim Area of the Norwegian North Sea.
Operations are due to start in January 2023 with a total duration of around 430 days, and will keep the rig in service through 1Q 2024.
Odfjell estimates the value of the exercised optional scope at $80 million (excluding integrated services). The two companies have also agreed to an additional option period that could follow completion of the KEG wells.
02/16/2022
