Hydro Increases Awilco Contracts to 8 Years

Norsk Hydro Produksjon AS has increased the firm contract length for the two semisubs, WilInnovator and WilPromoter, to 8 years each plus options.

The contracts were previously 5 years plus options, and Norsk Hydro had the opportunity to increase the firm contract length by May 28, 2007.

The total contract value for the 8 year period is approximately US $2 billion, plus mobilization cost. The above contract value includes additional rig modifications to be provided to Norsk Hydro.

The first contract is to commence mid 2009 and is for the rig WilInnovator, with scheduled delivery by end 2008. The second contract is to commence mid 2010 and is for the rig WilPromoter, with scheduled delivery in the fourth quarter 2009. Both rigs are under construction at Yantai Raffles Shipyard in China.

Awilco Offshore is pleased to have Hydro and the Troll Production License partners as our customers and regard this contract extension as very positive for the company.

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
Floorhand
Expertise: Floorhand / Roughneck|Roustabout
Location: Grand Junction, CO
 
Remote Paramedic w/ Clerking Experience
Expertise: Paramedic / Nurse|Rig File Clerk|Safety Officer
Location: GOM, TX
 
Casing Crew Pusher
Expertise: Floorhand / Roughneck|Roustabout
Location: Oklahoma City, OK
 
search for more jobs

Brent Crude Oil : $50.2/BBL 3.29%
Light Crude Oil : $47.89/BBL 3.34%
Natural Gas : $2.94/MMBtu 1.37%
Updated in last 24 hours