Statoil, the state oil company of Norway, has awarded semisubmersible Transocean Leader an estimated 15-month contract for drilling services on the Norwegian continental shelf. The contract is expected to commence by early-May 2004, following a brief shipyard program to perform contract-specific rig modifications. Revenues which could be generated from the 15-month contract total $85.1 million. Transocean Leader is presently idle in the U.K.-sector of the North Sea.
Total has awarded semisubmersible Jack Bates an estimated 100-day contract for drilling services in the U.K.-sector of the North Sea. The contract will commence by April 1, 2004 and could generate revenues of $12.5 million. The rig has recently completed a drilling program in the region and is expected to be idle until commencement of the Total program.
Affiliates of ExxonMobil have contracted drillship Deepwater Discovery for a two-well, estimated 90-day drilling program offshore Nigeria. The contract commenced on February 6, 2004 and could generate revenues of $15.7 million.
Semisubmersibles Transocean Leader and Jack Bates and drillship Deepwater Discovery are three of the company's 32 high-specification mobile offshore drilling units, 28 of which are capable of operating in water depths of 4,500 feet and greater.
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