Equinor has issued Odfjell Drilling a letter of intent (LoI) to drill 15 wells on the Breidablikk field in the Norwegian North Sea.
The wells will be drilled using sixth-generation semi-submersible drilling rig Deepsea Aberdeen.
Equinor said that drilling is scheduled to begin in the first half of 2022. The drilling programme is estimated to last until the end of 2024.
The licence partners in Breidablikk include Equinor, Petoro, Vår Energi, and ConocoPhillips Skandinavia. Equinor serves as the field operator.
Breidablikk is located northeast of the Grane field in a water depth of 127m.
Equinor drilling and well operations senior vice-president Erik G Kirkemo said: “We have had excellent cooperation with Odfjell over time, and they have consistently delivered wells safely and efficiently to us by use of the Deepsea Atlantic drilling rig.
“This time, a sister rig with the same technical design will be used and we have high expectations to Deepsea Aberdeen as well.
“Through this agreement, we are enhancing our cooperation with Odfjell based on our good experience with the company, and it will be exciting to develop this further.”
Last month, Equinor and partners submitted the plan for development and operation for Breidablikk.
According to Equinor, estimated field recovery is approximately 200 million barrels (MMbbl) and investments will reach Nkr18.6bn ($2bn).
Equinor chief procurement officer Peggy Krantz-Underland said: “In this contract, we have further developed the performance-based compensation system, enabling the supplier to increase their profit per well delivery by completing safe and efficient operations. We regard this as an important step towards reaching our ambition of shifting focus from the rate per day to cost per well, a move we believe is important to ensure sustainable costs in the future.”
All contracts awarded with respect to Breidablikk development are subject to regulatory authorities’ approval of the plan for development and operation.