Equinor takes up rig option at North Sea Sverdrup Phase 2

Nov. 29, 2022
Equinor has exercised options with Odfjell Drilling for the Deepsea Atlantic semisubmersible to drill five further wells at the Johan Sverdrup Phase 2 development in the Norwegian North Sea.

Offshore staff

BERGEN, Norway  Equinor has exercised options with Odfjell Drilling for the Deepsea Atlantic semisubmersible to drill five further wells at the Johan Sverdrup Phase 2 development in the Norwegian North Sea.

These should take about 190 days in total to drill, extending the rig’s firm backlog into first-quarter 2024. The value to Odfjell is about $64 million.

In July 2020, Equinor and its partners booked the rig to drill 12 Phase 2 wells at an estimated cost of $150 million.

11.29.2022