Transocean Rigs Return to Work After Labor Strike in Norway

Transocean announced that two Transocean semisubmersible units in Norway have resumed operations and a third semisubmersible rig will undergo a special periodic survey and upgrades before returning to service. Operations on all three rigs had been suspended by a strike called in July by the OFS union. The strike has been resolved following government intervention.

The semisubmersible rigs Transocean Searcher and Transocean Leader have resumed operations in the Norwegian sector of the North Sea. The company expects the survey and upgrade work in Olen, Norway, for the semisubmersible unit Polar Pioneer to be completed in November prior to commencement of the previously announced contract on the Snohvit project for Statoil.

The semisubmersible Transocean Arctic is also located in Norway, but was not affected by the strike.

Transocean reported on July 1, 2004, that the OFS, one of three unions representing offshore workers in Norway, called the strike on the three Transocean rigs after it was unable to reach an agreement with the Norwegian Shipowners Association, which represents rig owners in Norway. Agreements had previously been reached with NOPEF and DSO, two other unions representing workers on Transocean's offshore units in Norway.