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Odfjell signs management agreement for West Hercules

13/05/2022

Odfjell Drilling have agreed with SFL Corporation to provide marketing and management services for the harsh environment semisubmersible drilling rig West Hercules. The agreement is based on terms and conditions customary for this type of agreements.

The rig is currently employed on a contract with an oil major in Canada until the fourth quarter of 2022, thereafter the rig will return to Norway to complete a five yearly special periodic survey (“SPS”). Odfjell Drilling will take over as manager of the West Hercules as soon as the rig returns from Canada. In order to secure work for the West Hercules once the SPS is completed, Odfjell Drilling have already started operational preparations and marketing of the rig.

KeyFacts Energy Industry Directory: Odfjell Drilling

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