Aker Drilling Confirms Rig Contract with Aker Exploration

On Thursday Aker Drilling ASA entered into a final, three-year contract with the offshore exploration company Aker Exploration AS for drilling operations on the Norwegian Continental Shelf.

Aker Exploration AS has confirmed a contract for the company's drilling unit, which is scheduled to be operational in October 2008.

"This is an important contract featuring exciting exploration assignments on the Norwegian Continental Shelf," said Aker Drilling President and CEO Geir Atle Sjoberg. "Aker Drilling's sixth-generation, semi-submersible Aker H-6e unit is tailor-made for Norwegian conditions. We will cover the customer's needs for exploration wells anywhere on the Shelf, including deep waters and northern zones. We are contributing to increased exploration activity in Norway."

The day rate for the three-year contract period is USD 520,000. The possible total contract value amounts to approximately USD 610 million, or about NOK 3.8 billion. The contract includes a total of USD 41 million in reservation payments, mobilization costs, and customer-specific modifications. Aker Exploration has an option to extend the agreement for an additional two years.

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.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
System Development Engineer, Mechanical
Expertise: Mechanical Engineering
Location: Ottawa, KS
 
Mechanical Engineer
Expertise: Mechanical Engineering
Location: Somerset, PA
 
US, Kilgore, TX: Mechanic Technician I - III
Expertise: Mechanic
Location: Kilgore, TX
 
search for more jobs

Brent Crude Oil : $54.46/BBL 0.96%
Light Crude Oil : $51.68/BBL 1.21%
Natural Gas : $3.44/MMBtu 1.99%
Updated in last 24 hours