Statoil Extends Prosafe Contract on Gullfaks

Prosafe Drilling Services has received a one-year extension of its existing contract to drill platform wells on Gullfaks. The option will be exercised on April 1, 2003.

The extension is worth approximately NOK 200 million, confirms Oyvind Hansen, special coordinator for contracts in the Exploration & Production Norway business area. The present contract contains another option for a further one-year extension. Ten to 12 wells are due to be drilled from the three Gullfaks platforms next year, reports Arild Hesjedal, manager for resource utilization on the main field. Prosafe has been responsible for platform drilling on Gullfaks since 1986.