Odfjell Drilling Seals Three-Year Rig Deal with Vår Energi

Odfjell Drilling has formally signed a three-year drilling contract with Vår Energi for its Deepsea Bergen semi-submersible rig, securing firm employment for the unit until early 2031.

The agreement follows a letter of award announced on September 10, 2026, when the firm contract backlog was estimated at approximately $518 million.

Under the signed contract, Deepsea Bergen will begin operations for Vår Energi in early 2028, following completion of its existing contract, Odfjell Drilling announced on November 10.

The agreement also includes four one-year priced options, which could extend the rig's contracted operations into early 2035 if exercised.

This story was originally published by Offshore Engineer. Read the full story at Offshore Engineer →