OKEA signs rig frame agreement with COSL Drilling Europe
OKEA ASA has awarded a four-year frame contract to COSL Drilling Europe AS for the use of COSL’s energy-efficient drilling units on the Norwegian Continental Shelf (NCS).As part of the agreement, COSL Drilling Europe (COSL) will be the exclusive provider of semi-submersible drilling rigs for OKEA’s NCS operations, with flexibility in terms of which of COSL’s identical and energy-efficient rigs are to be used. The agreement has four one-year extension options giving a potential total contract length of eight years. ‘OKEA expects to take a number of drill decisions in the coming months and