Norwegian deepwater driller Odfjell Drilling has received a letter of award (LoA) from Vår Energi for the deployment of the Deepsea Bergen rig, with an estimated contract value of $518m (Nkr4.81bn).
The three-year award is due to begin in early 2028 after the unit completes its current contract.
The value includes mobilisation fees but excludes annual escalation, integrated services, performance bonuses and fuel incentives.
The award extends Deepsea Bergen's firm contract backlog to the first quarter of 2031 (Q1 2031).
Odfjell Drilling CEO Kjetil Gjersdal said: "We are delighted to have received this letter of award and to be partnering with Vår Energi with the Deepsea Bergen.