New Rig For Statoil’s Fast-Track Portfolio

Thursday, March 17, 2011

Statoil has awarded Songa Offshore a contract for hire of the semi-submersible rig Songa Delta, for use in the fast-track portfolio on the Norwegian continental shelf (NCS). The contract value is approximately USD 400 million.

The rig will carry out production drilling for Statoil’s fast-track portfolio on the NCS.

It will be used for drilling and completing wells, and will quickly be able to contribute to the production of the fields.

“We will be able to realise small finds that normally would not be profitable through fast-track developments and standardised solutions,” says Ivar Aasheim, head of field development on the NCS.

“Securing drilling capacity is vital to be able to execute our fast-track developments. This helps to maintain the production level on the NCS.”

Plans call for the rig to start its production assignment for Statoil in the summer of 2012.

Jon Arnt Jacobsen, Statoil chief procurement officer, is pleased that the company has acquired future rig capacity.

“We are pleased to have secured yet another rig from Songa Offshore. This contract award addresses our ambition to sustain production,” says Jacobsen. “The rig will work specifically for Statoil’s fast-track developments, and will play an important part in maintaining the pace of our fast-track projects.”

The contract period is three years firm, and includes a one-year option following the completion of the drilling programme. Statoil has an option to extend the contract period from three to four years firm.

Source: Statoil

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Sulzer Shareholder has 5 pct Dresser-Rand Stake

Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle.

Source: Siemens Offering $6.1 bln for Dresser Rand

Germany's Siemens plans to offer more than $6.1 billion, or $80 per share, for U.S. compressor and turbine maker Dresser-Rand, Germany's Manager Magazin said on Friday.

Transas Simulators Boosts Western Shipping Training Center

Transas Marine Pacific has successfully completed the upgrade of a simulator complex for Western Shipping Pte. Ltd. training center. The simulator class was

Offshore

Exxon: U.S. to Allow Wind Down Ops in Russian Arctic

U.S. oil major Exxon Mobil said on Friday the U.S. Treasury Department granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic.

Russia: Exxon Still Drilling in its Arctic

ExxonMobil is still drilling in the Russian Arctic, a Russian minister said on Friday, in move that if confirmed will anger Washington after the U.S. administration

MAN-Powered Cargo Vessel Meets Tier III

Classification society awards SCR system emissions certificate. MAN Diesel & Turbo has been awarded a Tier III - compatibility certificate by the DNV- GL classification

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Pipelines Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0985 sec (10 req/sec)