Odfjell Drilling said on Jan. 29 that BP (NYSE: BP) will continue to use the company’s platform drilling services on the U.K. continental shelf.
BP has awarded Odfjell Drilling a contract for platform drilling and maintenance services on three of its platforms in the U.K. North Sea. The contract period is for two years, with an additional two by one year options. The current contract will continue until end January 2019 followed by the commencement of the new contract. The firm contract period has an estimated value of up to $50 million.
“We welcome and appreciate this new contract award from BP and look forward to a further long and productive working relationship,” Ole Fredrik Maier, executive vice president of platform drilling, said.
Oil and gas company Ophir Energy, which historically focused on Africa, has of late been concentrating on Asia, purchasing some assets from Australian peer Santos last year.
Australian oil and gas producer Senex Energy Ltd. (ASX: SXY) will start its Surat Basin natural gas drilling program next month after contracting oil and gas services provider Easternwell. Senex is a supplier of gas to Australia's east coast gas market.
Recent analysis from Rystad Energy shows the main driver of oil and gas employment is shifting from shale to offshore.