MARACC Awards Topside Contracts for Newbuild Intervention Rig

Marine Accurate Well ASA (MARACC) has awarded a contract to National Oilwell Norway AS for the supply of the Topside System for the new semisubmersible intervention rig under construction at the Cosco Zhoushan shipyard in China.

The contract value is just over US $100 million and the deliveries will be completed early in 2010.

The system will enable an effective approach to heavy well intervention including drilling of short side-track (TTRD) operations.

Maracc has also awarded a contract to NYMO in Grimstad for the supply of the topside module including mud module. The contract value is close to 300 million NOK and shall be completed Q2 2010.