Statoil Extends Stena Don Contract

The contract with Stena Drilling for the Stena Don semisub has been extended by Statoil for three years plus a one-year option.

Worth a total of just under NOK 4 billion, including the option, this contract will come into effect in December.

"The rig market is tight because of the high level of exploration on the Norwegian continental shelf," observes Gunnar G Opsahk, sub-surface head for the Halten/Nordland business cluster.

"Extending our charter with Stena Drilling secures us access to rig capacity for our drilling and completion activities for a long time to come."

Plans call for Stena Don to drill wells on the Heidrun, Norne and Åsgard wells in the Norwegian Sea.