Aker BP lets drilling contract for work offshore Norway
March 17, 2022
Aker BP ASA has let a contract to Saipem SPA’s Scarabeo 8 semisubmersible drilling rig for an offshore Norway drilling campaign.
Scarabeo 8 is a harsh environment dual-derrick deep water unit with a dynamic positioning system and enhanced mooring capabilities. Contract duration is 3 years with a value of about $325 million. The contract also includes an option of two 1-year extensions and encompasses potential upsides among which a performance bonus scheme and a mechanism of rate adjustment to market rates from the third year onward.
Operations are expected to start at the end of fourth-quarter 2022, upon termination of the works in which Scarabeo 8 is currently engaged.