It’s Gisle Johansen, Executive Vice President Communications, who said this.
Despite billion contracts for both the drilling rig Deepsea Atlantic and for drilling services on the fixed facility to be installed on Johan Sverdup field, says Johanson to Aftenbladet that the company is continuing staff reductions.
Read also: North Atlantic lost rig contract – now disappearing jobs
So far, almost 700 lost their jobs in rig company after the oil crisis struck in full rig market last year.
– This is a good day, and it means a lot. It is an important contribution to employment in our Stavanger and Bergen, Johanson says the contract with Statoil.
– But we have been and are still up in a demanding market situation. We have had extensive changes in our organization, and we are continuously working on downsizing, says Johanson.
Read also: – Norway hardest hit
Major contract
The rig contract covers lease of the drilling rig Deepsea Atlantic for three years starting in March 2016. In addition, six options for extensions of six months each. The rig contract has a value in excess of 2.5 billion.
Odfjell Drilling has also been awarded a contract from Statoil for drilling services on the fixed installation on Johan Sverdrup field center. This will commence in December 2018.
This contract is valued at an estimated 1.85 billion with a duration of four years including renewal options. It’s Odfjell Drilling’s offices in Stavanger that will serve as support for the drilling of Johan Sverdrup fixed installation.
– This contract does not solve all our challenges, but for us it gives us an important predictability. We are a company that has our emphasis on the Norwegian continental shelf, and to maintain three rigs on here is important for us, says Johanson.
Read also: Rig Collapse threatens 13,500 jobs
Expired contracts
Odfjell Drilling has two part-owned drillship, where it owns a 40 percent stake in each. One, Deepsea Metro I, are heading to Vietnam for a short term drilling contract for the summer after it was laid up in South Africa in December.
The second, Deepsea Metro II, is without a contract in Brazil after it was finished with a drilling job for Petrobras in May.
On the Norwegian continental shelf is the semisubmersible drilling rig Deepsea Bergen on a long-term contract with Statoil in the Norwegian Sea. Deepsea Atlantic, which got a new contract today, for time in the process of completing a drilling contract on Gullfaks for Statoil.
Also read: 600 Odfjell employees will be offered severance packages
The rig Island Innovator, which Odfjell Drilling Inge is operator, is working for Lundin.
At the end of the year is also a contract out on the rig Deepsea Stavanger for BP in Angola .
– We are working intensively with the drill ships and Deepsea Stavanger. But it is a fight tough competitive market, says Johanson. He adds that the company’s strength is that they are one of very few fully integrated drilling companies in the market today.
– But what we see in the future is a reduced demand. We expect the challenging market situation will last the next few years.
Read also: Odfjell contract ensures engineers work
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