Smedvig Secures Extension for T-3 in Thailand

Smedvig's tender rig T-3 has been awarded an extension contract extension by PTT in Thailand. The production drilling assignment has a duration of 14 months, from November 2006 until end 2007, with an option for a further six months. The estimated contract value is approximately US $20 million for the firm period.

Smedvig has a 49% stake in the T-3.