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Odfjell Drilling lands major contract in tough market

Although the market for rigs has declined significantly, individual contracts are still being offered up. Odfjell Drilling has just landed a major contract with German oil and energy company Wintershall in the North Sea.

Photo: North Atlantic Drilling

Times are tough market for in the drilling rig market, which has experienced a dramatic setback in activities over the last half year - though a few rig providers have managed to snatch up contracts, such as Norwegian company Odfjell Drilling which has just won a major contract for its semi-submersible rig with Wintershall. The German oil and energy company has leased the rig, known as the Deepsea Stavanger, for almost two years, informs Odfjell Drilling.

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