SeaDrill Wins 'Milestone' Hydro Contract



Norsk Hydro has awarded SeaDrill a letter of intent for the provision of wireline services on the Norwegian Continental Shelf.

The assignment has a duration of three years with options for three additional two-year periods. The estimated contract value for the firm period is approximately NOK 600 million, which includes work performed by subcontractors. The scope of work covers mechanical and electrical wireline services as well as well tractor services.

Manager Wireline services in SeaDrill Offshore AS Helge Sorheim says:

"This milestone contract confirms our good long-term relationship with Hydro and reinforces the Company's strong commitment to the well maintenance and intervention market."

RELATED COMPANIES
For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.