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Odfjell Drilling signs management agreement for West Hercules

13 May 2022

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Odfjell Drilling has agreed with SFL Corporation Ltd ('SFL') 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.

Odfjell Drilling is privileged to once again be chosen for our strong operational track record and marketing excellence in securing work. We further view the cooperation with SFL as strategically important.

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.

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Source: Odfjell Drilling

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