Odfjell Drilling Secures $518 Million Contract for Deepsea Bergen Rig with Vår Energi
Norwegian deepwater driller Odfjell Drilling has received a letter of award from energy company Vår Energi to deploy the Deepsea Bergen rig, valued at approximately $518 million. The three-year contract is set to begin in early 2028 after the unit completes its current obligations and includes mobilisation fees but excludes annual escalation or performance incentives. The deal extends Odfjell Drilling’s firm backlog for the Deepsea Bergen until Q1 2031, reinforcing long-term client relationships. The rig is designed to operate in harsh environments with advanced environmental features such as nitrogen oxide-friendly power units and closed-bus operations configuration. It has previously operated successfully in Arctic conditions. Odfjell CEO Kjetil Gjersdal expressed satisfaction over the award, highlighting its significance following a recent acquisition of Deepsea Bergen less than 12 months ago.
Topics: drilling_contracts energy oil_and_gas