Smedvig Secures Extension for T-3 in Thailand

The tender rig T-3, in which Smedvig owns 49 percent, has been awarded a contract extension by PTT in Thailand. The production drilling assignment has a duration of four years, from July 2008 until end June 2012. The estimated contract value is approximately US $101 million.

The T-3 has been working in the Gulf of Thailand for PTTEP since June 2005.

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