The contract value for the firm period is calculated at around USD 335 million, with planned start-up in the later part of 2025. The contract also includes five one-year options.

“We have an ambition to maintain our production from the Norwegian continental shelf at a high level towards 2035, supplying the energy that Europe demands. Our ability to continuously drill new wells is at the heart of this. There is still a large remaining resource potential in our producing fields. We also see attractive exploration opportunities in Norway,” says Kjetil Hove, executive vice president for Exploration and Production Norway (EPN).

Northern Ocean Wind AS is a company owned by Northern Ocean Ltd. Deepsea Bollsta will be operated by Odfjell Drilling. They currently operate three rigs for Equinor, Deepsea Aberdeen, Deepsea Atlantic and Deepsea Stavanger. Currently, the rig is in Africa and has been drilling in Namibia but has previous track-record for operations in Norway.

“We are pleased to continue our cooperation with the Odfjell Drilling, who has demonstrated a strong safety and performance culture. This will add flexible capacity to our drilling portfolio. On average we have 25 active drilling operations on the Norwegian continental shelf. Rig capacity is important for us, we plan to deliver 50-70 increased recovery wells and 20-30 exploration wells annually going forward,” says Erik Kirkemo, senior vice president for Drilling and Well.

Deepsea Bollsta is a sixth-generation harsh environment, winterized, mobile rig.

The contract value does not include integrated rig services or mobilisation/demobilisation fees.