Statoil and Odfjell Drilling have signed a contract for Deepsea Bergen that will be valid from June 2012.
In October 2010, the two firms signed a letter of intent to use the Deepsea Bergen rig for development drilling on the Norwegian Continental Shelf (NCS).
Statoil will decide the duration of the deployment of the rig – three to five years, with a one-year option.
Based on the duration, the value of the contract is estimated to vary between $382m to $619m.
Currently, the rig is deployed on a three-year contract with Statoil for development and exploration drilling in the Halten Nordland area, off Norway.