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Statoil - Terminating Rig Tender Process

StatoilHydro is terminating its procurement process for rig hire for operations on the Norwegian continental shelf due to high rig rates. ”We focus on reducing costs and making strict priorities,” says Anders Opedal, head of procurements in StatoilHydro. The invitation to submit tenders for rig hire was distributed during the summer of 2008, and covered both semi-submersible mobile rigs and jack-up drilling rigs with contract start at the end of 2012.