Statoil has signed new contracts for the hire of two rigs on the Norwegian continental shelf. The contracts have been signed with Diamond Offshore for the hire of Ocean Vanguard and with Saipem for the hire of the rig Scarabeo 5.
"In December last year we announced that we expected the market to revert to the lower 2006 level and now it has responded to our expectations. We are pleased to have gained more reasonably priced rig capacity so that we can further develop the shelf," said Anders Opedal, Statoil's senior vice president for Procurement.
These rates set a new price level for rigs in the exploration and completion segment.
"The two rigs are well known for their contributions to our operations on the shelf. The flexibility provided by these rigs in terms of conventional drilling, completion, high pressure, high temperatures and deep water are in line with our plans for exploration and production in the future," said Oystein Michelsen, Statoil's executive vice president for Exploration & Production Norway.
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