TRANSOCEAN PROSPECT

Transocean Sedco Forex has been awarded a letter of intent from Statoil for their third generation semisubmersible, Transocean Prospect for development drilling on its Heidrun North oilfield. The Transocean Prospect came in ahead of the seven other rigs under evaluation by Statoil. The fifteen-month contract is scheduled to begin in August, however, the rig is already drilling for Statoil on the Norne field until November. The contract is for eight wells plus two options.
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