Smedvig Wins Another Drilling Contract for West Alpha

Statoil has awarded a letter of intent to Smedvig for the fourth generation semisub, West Alpha.

The contract includes drilling of two water injection wells at the Heidrun field in the Norwegian Sea, with an option for additional 30 days. The estimated contract value for the firm part of the contract is approximately US$ 15 million. The drilling period is estimated to approximately five months. Start-up of operations is scheduled for the second part of June, after completion of the assignment for Pertra AS. West Alpha is currently drilling for Britannia at the UK continental shelf.