Statoil Charter Three Rigs for Norwegian Shelf

Press Release
Thursday, October 04, 2012
Bideford Dolphin, Stena Don & Scarboro 5

Statoil & its partners contract the 'Bideford Dolphin', 'Stena Don' and 'Scarabeo 5' drilling rigs for work on the Norwegian continental shelf.

The contracts have a total value of NOK 9,17-billion, excluding potential options, and the rigs will be used for production drilling for several fast-track developments as well as drilling and completion on the Norwegian shelf.

"Securing three rigs in the current market represents a real achievement for the Norwegian shelf. The rig capacity we have secured in these contracts will contribute to achieving our production targets towards 2020, through production drilling on several of our legacy assets and starting production from fast-track developments," says Øystein Michelsen, executive vice president Development and Production Norway in Statoil.  

The Bideford Dolphin rig, owned by Dolphin Drilling AS, will be used for production drilling on the Tordis and Vigdis fields, as well as the Statfjord field in the North Sea.

The Stena Don rig, owned by Stena Drilling, will be used for production drilling on the Troll field, as well as the fast-track development Fram H-Nord, also in the North Sea.

The Scarabeo 5 rig, owned by Saipem, will be used for drilling and completion of production wells on various NCS fields.

"Increasing recovery from existing fields is important for Statoil. Drilling and well maintenance provide the greatest contribution to improved recovery, and it is therefore very positive that we have secured this rig capacity," says Øystein Arvid Håland, head of drilling and well in Statoil.
 

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

Contracts

Padbury delays detailing port funding

Padbury Mining on Thursday failed to reveal the investors behind a more than $6 billion port and rail project in Western Australia's iron ore belt, asking for its

JFD Awarded Australian Navy Commendation

Commendation awarded by the Royal Australian Navy for dedicated work, commitment and support for Exercise Black Carillon 2013   James Fisher Defence (JFD) has

Samsung Heavy Takes Up 7 Container Ship Order

South Korea's Samsung Heavy Industries said on Wednesday that it is proceeding with a project worth 642.9 billion won ($617.67 million) to build seven container ships as planned.

Offshore

POSH may raise $311 Mln in Singapore IPO

PACC Offshore Services Holdings (POSH) could raise at least S$388.27 million ($311 million) after pricing its initial public offering near the bottom of the pricing range indicated earlier,

BOEM gives more time to submit plans OCS

The Bureau of Ocean Energy Management (BOEM) announced today the publication of its Final Rule to extend time requirements for submitting a Site Assessment Plan

Offshore Driller Noble Corp Q1 Earnings Beat Forecasts

Noble Corp., a leading offshore driller, reported first-quarter net income on Wednesday of $0.99 a share, higher than consensus forecasts, as new rigs helped lift revenues.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Simulators Sonar
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: 0.1032 sec (10 req/sec)