Aker BP has exercised the second 12 month option for Deepsea Nordkapp under the Contract entered into between the parties in April 2018. The second 12 month option shall commence after expiry of the first optional period in June 2022.

The approximate contract value for the exercised optional scope is USD 109 million (excluding any integrated services). In addition, a performance bonus will be applicable.

An additional scope based option period has been agreed which, if exercised shall follow completion of the firm period and have a duration of up to 12 months.

Simen Lieungh, CEO Odfjell Drilling AS, says: “We are very pleased to see Aker BP’s continued commitment to the Alliance Agreement between the parties.  The Alliance has delivered exceptional performance on Deepsea Nordkapp and we see this extension  a recognition of those good results.  With the addition of a further option period we look forward to continuing the Alliance into the future. ”