Statoil Lines Up Transocean Rig for NCS Drilling

Transocean Leader
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Statoil has awarded Transocean a contract for hire of the Transocean Leader drilling unit to be used on its licenses on the Norwegian continental shelf.

As operator of several licenses Statoil has awarded a contract to Transocean for use of the semi-submersible Transocean Leader rig for drilling in Norway. Plans call for the rig to be used for production and exploration drilling on the Norwegian continental shelf during the contract period.

"We are pleased with securing Transocean Leader for a new contract period. Chartering this rig will also contribute to Statoil's deepwater capacity being able to operate on water depths down to 1500 meters," said newly appointed chief procurement officer in Statoil, Jon Arnt Jacobsen.

The contract period is three years, starting in 2012, and includes a one-year option following the completion of the drilling program.

"The key to uphold present production level on the Norwegian continental shelf towards 2020 is enhanced recovery from existing fields, quick and efficient development of new fields and an active exploration program. To implement these measures, it is crucial that we secure necessary rig capacity," said executive vice president for Development & Production Norway, Øystein Michelsen.

The drilling unit has previously been chartered by Statoil for use on the Statfjord satellites in the North Sea and it is currently under a three-year contract with Statoil in the same area.

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