Statoil has signed a three-year contract with Stena Drilling for hire of the Stena Don drilling rig.
The contract value is US $437 million over a period of three years. Plans call for the semi-submersible rig to be used for drilling on the Norwegian continental shelf (NCS).
The rig was also under contract with Statoil from 2001 to December 2009.
"We have long experience with Stena Don, and we look forward to continuing the cooperation with this rig," said Anders Opedal, head of procurements in Statoil.
The schedule of work for the rig is being considered by relevant licenses on the NCS. The rig will play an important role in Statoil's efforts to reach its NCS production targets.
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