Smedvig Lands Contract for West Alpha

A letter of intent has been awarded to Smedvig by Pertra AS for the assignment of the fourth generation drilling rig West Alpha.

The contract includes drilling of one exploration well at the Varg field in the North Sea. The estimated contract value is approximately US$ 2 million. The drilling period is estimated to 27 days. Start-up of operations is scheduled in mid-April, in direct continuation of the current assignment on the UK continental shelf.