West Alpha is owned 50/50 by Smedvig and KS Difko XLIV, respectively. Smedvig owns eight percent of KS Difko XLVI. West Alpha is operating for Statoil on the Kristin field on the Norwegian continental shelf and has a firm contract until February 2005.
Kjell E Jacobsen, CEO in Smedvig asa, says: "West Alpha is a technically advanced drilling rig which has undertaken extensive upgrading during the last years. The rig is especially well suited for complex completion of production wells. This acquisition is in line with the company's strategy focusing on quality drilling units."
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