Ithaca and Odfjell agree North Sea well deal

The well was drilled by the Deepsea Bergen rig
Odfjell's Deepsea Bergen rig

Odfjell Drilling and Ithaca Energy have today agreed a deal for a North Sea well drilled by the Deepsea Bergen, plus optional additional wells.

Odfjell announced that it has inked a deal with Ithaca for “one firm production well” plus optional wells with commencement “in either 2019 or 2020, to be mutually agreed”.

The commencement of the agreed well is scheduled for February 2019, Odfjell confirmed.

The exploration has an “expected duration of 115 days” and will be followed by a contract on Norwegian Continental Shelf with OMV Norge for a one firm ‘high pressure high temperature’ well.

Deepsea Bergen is currently working for Equinor, which is expected to be completed in December 2018.