SFL Corporation signs drilling contract with unnamed multinational oil and gas company for Hercules semi-submersible rig
SFL Corporation signed a $170 million drilling contract with an unnamed multinational oil and gas company for the Hercules semi-submersible rig in Canada, with Odfjell Drilling managing the rig.
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- SFL Corporation secured a $170 million drilling contract.
- The Hercules semi-submersible rig will operate in Canada.
- Odfjell Drilling is managing the rig.
- Deal announced on 2026-03-06.
Source Intelligence
The rig is a harsh environment semi-submersible rig, managed by Odfjell Drilling. It is a sixth-generation rig of GVA 7500 design, equipped with a tall derrick, dynamic-positioned unit, and a full conventional mooring spread for operations in water depths of 100 to 500 meters. The rig is currently in Norway and will be prepared for mobilization to Canada later in 2026. Quotes: - "SFL Corporation has signed a drilling contract in Canada with an unnamed multinational oil and gas company for the harsh environment semi-submersible rig Hercules, which is managed by Odfjell Drilling." - "Odfjell Drilling will manage the sixt generation rig on behalf of SFL under the contract." - "The rig is a state-of-the-art tall derrick, dynamic-positioned unit of GVA 7500 design and is equipped with a full conventional mooring spread for operations in water depths of 100 to 500 meters." - "The rig is currently in Norway and will be prepared for mobilization to Canada later in 2026."
"SFL Corporation has signed a drilling contract in Canada with an unnamed multinational oil and gas company for the harsh environment semi-submersible rig Hercules, which is managed by Odfjell Drilling."
"SFL Corporation has signed a drilling contract in Canada with an unnamed multinational oil and gas company for the harsh environment semi-submersible rig Hercules, which is managed by Odfjell Drilling."
"SFL Corporation has signed a drilling contract in Canada with an unnamed multinational oil and gas company for the harsh environment semi-submersible rig Hercules, which is managed by Odfjell Drilling."
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