Statoil Extends Transocean Leader Contract by 30 Months
Statoil has awarded a 30-month charter worth approximately NOK 2.3 billion (US $378 million), taking effect from the end of 2008, to Transocean for its Transocean Leader semisub.
Transocean Leader will be used mainly for exploration and production drilling in the Tampen and Halten/Nordland areas of the Norwegian continental shelf (NCS).
"This contract will be very important in maintaining Statoil's exploration ambitions in the Norwegian Sea, and the rig will contribute to increased production drilling in the group's core areas," says Bjarte Ydstebo, vice president for rig strategy in Statoil.
The semisub Transocean Leader is a fourth-generation Aker H-4.2 unit, built in 1987 to work on the NCS.
It is specially-designed to operate in greater water depths than traditional rigs and is therefore very suitable for drilling in the Norwegian Sea.
Operates 1 Offshore Rigs
- Statoil May Build Onshore Terminal for Castberg Oil -Minister (Jan 16)
- Canadian Offshore Oil Interest Grows As Pipeline Woes Sink Alberta Prices (Dec 20)
- Sharp Fall In Applications For Norway's Arctic Oil Permits (Dec 05)
Company: Transocean Ltd. more info
Manages 46 Offshore Rigs
- Oil's Biggest Rigs Headed to Junkyard as Daily Losses Mount (Oct 18)
- Transocean To Buy Norwegian Rig Firm Songa Offshore For $1.1B (Aug 15)
- Borr Drilling Signs Deal With Transocean to Buy 15 Rigs (Mar 20)