Oslo-listed semisub player Odfjell Drilling has received signed confirmation from Aker BP that it will extend the firm contract period for use of the 2019-built Deepsea Nordkapp rig by one year.
With this signed confirmation, the rig extends its firm contract backlog to the end of 2027, after which Aker BP retains further options.
The operating rate applicable to the extension shall be set by the end of 2025, using a rate reflective of market rates and defined by two independent rig brokers.
“Deepsea Nordkapp has been on contract with Aker BP as part of the Semi Alliance since the rig was delivered to us in 2019 and has worked on many projects during this period. With this contract extension secured, we look forward to continuing our close cooperation with Aker BP,” said Kjetil Gjersdal, CEO of Odfjell Drilling.
Last week, Odfjell Drilling lined up more long-term work for the 2014-built Deepsea Aberdeen after signing a letter of intent with an undisclosed client, which will keep the harsh-environment unit busy into 2029.
The LOI covers a programme starting in late 2026, directly after the rig completes its current deal, and would extend its firm backlog until the second quarter of 2029.
