Smedvig Wins Drilling Contract

Wednesday, April 17, 2002

Smedvig has been awarded a $3.1 million contract by the Dutch oil company Nederlandse Aardolie Maatschappij (NAM) for the assignment of the jack-up drilling rig West Epsilon offshore Holland. The contract is in direct continuation of the current contract with NAM, and the drilling period is estimated to 40 days, lasting until the end of July this year.

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