West Venture is equipped with a dual derrick set allowing for enhanced drilling efficiency. The dual drilling system is especially advantageous in completion of subsea production wells.
West Venture has operated on the Troll field for Norsk Hydro during the last four years and has demonstrated substantial drilling efficiency improvements in drilling and completion operations compared to conventional drilling.
Commencement under the new contract is scheduled for August 2004, in direct continuation of the current assignment for Norsk Hydro.
"The agreement confirms the attractiveness of the enhanced drilling performance demonstrated by Smedvig," says Kjell E. Jacobsen, CEO, Smedvig asa.
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