Middle East

Odfjell drilling takes over control of the north


December 24, 2021

West Bollsta-Credits: Lundin Energy

Northern Ocean, owner of harsh offshore rigs owned by billionaire John Fredriksen, has signed a deal with Norwegian offshore contractor Odfjell Drilling.

Odfjell Drilling will provide marketing and management services to Northern Ocean rigfleets, but commercial vessel decisions remain in Northern Ocean.

Northern Ocean’s sixth semi-submersible drilling rig, West Mira, is currently warm-stacked in Hanøytangen, a suburb of Bergen, Norway, and Odfjell Drilling will soon begin managing and selling the rig.

Another 6th generation of the North Pacific. Semi-submersible drilling rig West Bollsta has contracted with Lundin in Norway until the first quarter of 2022. Seadrill, the current manager of the rig, will complete operations in accordance with the current drilling contract and will continue to transfer rig management directly to Odfjell Drilling. That activity.

“Preparations for a seamless transition to rig management are already underway, led by NOL management. Marketing for both rigs will begin soon with Odfjell Drilling,” said Northern Ocean.

“Today’s announcement positions us well for the upcoming market recovery. We believe Odfjell Drilling is a best-in-class, harsh environmental contractor and are pleased to reach this agreement. We are encouraged by the signs of upcycling, especially in the North Sea domestic market, after a long-term downturn in the drilling market. ” Scott McRaeken, The CEO of Northern Ocean said: Odfjell Drilling’s strong contract and operational track record provides high reliability and improves the company’s outlook. “

“Odfjell Drilling is honored to have been selected for our strong operational track record and excellent marketing in ensuring work.
Cooperation with strategically important NOL. “

Notably, Odfjell Drilling owns its own drilling fleet, but is unfamiliar with managing rigs owned by other companies. One such rig is the deep-sea Yantai semi-submersible drilling rig. It is owned by CIMC in China and operates in Norway.

https://www.oedigital.com/news/493099-odfjell-drilling-takes-over-management-of-northern-ocean-s-rigs-from-seadrill Odfjell drilling takes over control of the north

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