Odfjell Drilling has announced that Aker BP has exercised the second one-year option for 2019-built semi-submersible rig Deepsea Nordkapp.

The option, which is under a contract entered into between the two companies in April 2018, will commence after expiry of the first optional period in June 2022.

Odfjell says the contract value is around $109m excluding any integrated services, with a performance bonus also applicable. Additionally, a further one-year option has been added to the deal.