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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

MOL Signs Long-Term Charter with Uruguayan JV for FSRU

Japanese shipping company Mitsui O.S.K. Lines, has, through its wholly-owned subsidiary Lakler S.A., agreed to conclude a charter contract with Gas Sayago, for

Team Britannia, GAC Inks Partnership Deal

As Team Britannia prepares for its bid to break the round-the-world powerboat record later this year, GAC has been named their official shipping and logistics partner.

Libya's PFG to Lift Terminal Blockades

Petroleum Facilities Guard has blocked terminals for months. Ras Lanuf, Es Sider terminals damaged by fighting. Libya's Petroleum Facilities Guard (PFG) will

Offshore

MOL Signs Long-Term Charter with Uruguayan JV for FSRU

Japanese shipping company Mitsui O.S.K. Lines, has, through its wholly-owned subsidiary Lakler S.A., agreed to conclude a charter contract with Gas Sayago, for

Migrants Survivors Tell of Struggle at Sea

The bodies of 21 women and one man were brought ashore to Sicily on Friday as fellow migrants described scenes of panic and violence when water poured into their dinghy.

Three Keppel Dredgers for Jan De Nul

Keppel Offshore & Marine Ltd (Keppel O&M)'s wholly owned subsidiary Keppel Singmarine Pte Ltd (Keppel Singmarine) has secured contracts from Jan De Nul Group to

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics
rss | archive | history | articles | privacy | 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: 0.0635 sec (16 req/sec)