ExxonMobil Canada lets drilling contract for Hercules semisubmersible

ExxonMobil Canada Ltd. has let a drilling contract to SFL Corporation Ltd. for the Odfjell Drilling sixth-generation semisubmersible Hercules drillship for a harsh environment drilling program offshore eastern Canada.

The contract is expected to start second-quarter 2023 and has a firm duration of about 135 days, with an extension option for about 60 days.

Odfjell Drilling agreed with SFL in May 2022 to provide marketing and management services for Hercules. This contract is the first to be signed since entering the agreement with SFL.