StatoilHydro Extends Odfjell Drilling Contracts to 2010

"We are pleased to see that StatoilHydro prefer Odfjell Drilling for further cooperation on their units Snorre A, Snorre B, Visund and Heidrun," says Odfjell Drilling CEO Ketil Lenning.

StatoilHydro AS has exercised an option to prolong the contract for drilling and maintenance services. Odfjell Drilling has carried out maintenance, drilling and completion activities at the units Snorre A, Snorre B and Heidrun since 2004 and at Visund since 1997.

This is an excellent opportunity for Odfjell Drilling to further develop our relationship with StatoilHydro, says Mr Lenning.

This option is extending the fixed contract duration until the Sept. 30, 2010 and the contract formulation has the possibility for further options of 2 x 2 years. The value of this contract extension is approx. NOK 1 billion.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit