The contract includes the drilling of two wells offshore Mauritania in West Africa, with options for additional four wells. The contract value for the firm period is approximately US $11 million. The drilling period is estimated to somewhat more than two months, which will keep the unit continuously employed until November/December 2003.
"This contract expands Smedvig's activities into an important energy region and represents a breakthrough for Smedvig's deepwater operations in West Africa", says CEO Kjell E Jacobsen in Smedvig asa.
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