The contract has a firm duration of three years with an option to extend the contract length to either four or five years. Estimated contract value is approximately US$504 million, US$642 million or US$766 million for the three, four or five-year alternatives, respectively.
West Alpha will mainly be drilling exploration wells on the Norwegian continental shelf. Commencement of operations is scheduled for February 2009, in direct continuation of the current contract.
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