Repsol Norge has awarded Odfjell Technology a contract to deliver drilling services on the Yme Inspirer, a jack-up rig producing oil from the Yme Field in the eastern Norwegian North Sea
The agreement covers drilling, completion, re-completion, well intervention, maintenance, engineering, and plug and abandonment (P&A) services. The firm contract spans five years, commencing this spring, with options for two additional three-year extensions. The estimated value of the firm period is NOK 400 million ($38 million), while the full contract, including options, could reach NOK 1 billion (US$95mn).
In a separate deal, Odfjell Technology has secured a contract from OSM Thome to perform upgrades and modifications on the Heidrun B Floating Storage Unit (FSU) in the Norwegian Sea. This facility is owned by Equinor and its partners, with OSM Thome responsible for daily operations and maintenance.
The scope of work includes engineering, construction, and installation, such as implementing a new volatile organic compounds (VOC) recovery system and replacing an existing crane to enhance the FSU’s safety and technical integrity. While the upgrade efforts commenced in May 2022, they have now been formalized under this contract, with completion expected by early 2027.
Additionally, OSM Thome has subcontracted Odfjell Engineering to carry out specific modifications under this agreement.
These contracts reinforce Odfjell Technology’s strong position in the North Sea energy sector, providing critical drilling, intervention, and engineering solutions to optimize offshore assets and support long-term energy production.
