Statoil: Securing More Rig Capacity

pres release
Friday, September 09, 2011
Jon Arnt Jacobsen, Statoil’s chief procurement officer. (Photo courtesy Statoil)

Statoil has signed a contract with North Atlantic Norway to hire the West Hercules rig which can be used for exploration and production drilling internationally and on the Norwegian continental shelf (NCS).

Statoil has signed an agreement with North Atlantic Norway Ltd (Norwegian Branch), a company in the Seadrill group, for hire of the West Hercules rig for use on exploration prospects and production licences. The semi-submersible rig will be deployed to start drilling from Q3 2012. “With its many capabilities, West Hercules will contribute to maintaining a sustainable activity level of exploration, and also to execute on our company’s ambitious exploration strategy in the years to come,” says Tim Dodson, Statoil’s executive vice president for Exploration.

“Inclusion of this rig in our portfolio provides the necessary flexibility we are looking for and it supports our earlier communicated strategy of revitalising the NCS with high value barrels and deliver on our exploration programme globally. Acquiring this rig is an important contribution to securing Statoil’s rig capacity.”

The daily rate for the rig is USD 490.000. A mobilisation fee of USD 50 million is also payable. The contract is for a fixed four-year period. Statoil has secured a one-year option on the same conditions.

Bilde

Jon Arnt Jacobsen, Statoil’s chief procurement officer

”Statoil’s focus continues to be on bringing more modern and flexible rigs to our portfolio,” says Jon Arnt Jacobsen, Statoil’s chief procurement officer.

“West Hercules is the first-available suitable rig which is already in operation. This, together with its advanced capabilities such as deep waters, high pressure/high temperature and completion, has prompted Statoil to act on this opportunity. This modern rig will be complementary to our portfolio and bring us more flexibility. It will be utilised on targeted wells internationally and on the NCS.” West Hercules is a sixth generation, high specification, deep water, semi-submersible drilling unit, built in 2008. It has a high load carrying capacity and an efficient drilling floor layout with improved safety and working environment measures.

West Hercules can run parallel drilling operations and is designed with a dynamic positioning system and a water depth capacity up to 3,000 metres. West Hercules is expected to complete a three-year contract for Husky Oil China Ltd for operations off China in May 2012.

 

  • Tim Dodson, Statoil Executive Vice President for Exploration

    Tim Dodson, Statoil Executive Vice President for Exploration

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

People & Company News

Unique Technologies Improve Port Security

Practical results from the SUPPORT (Security UPgrade for PORTS) project, coordinated by BMT Group Ltd. and part-funded by the European Commission’s FP7 Security

CMM Takes Delivery of Damen PSV for Brazil

New supplier CMM Gravity to start on long-term contract with Petrobras. CMM has taken delivery of a Damen Platform Supply Vessel 3300. The 80-meter, 3,300t deadweight

Ship as Lifeboat Concept Disputed by ICV

A recent meeting at the National Transportation Safety Board in Washington, D.C. (attended by International Cruise Victims (ICV) Board representatives) discussed

Contracts

UK Subsidises 8 Renewable Energy Contracts

The British government on Wednesday awarded investment contracts under a new subsidy regime to eight renewable energy projects, including five offshore wind farms and three biomass plants.

Two Navy Contracts for GD Bath Iron Works

Included in the latest listing of contracts awarded by the US Department of Defense, Navy, are two contracts with General Dynamics Bath Iron Works, Bath, Maine.

AMSEA Awarded US$33-Million Navy MSC Contract

General Dynamics American Overseas Marine LLC (AMSEA) apprises it has been awarded the USD$32.7 million contract modification to operate and maintain seven large,

Offshore

BP Gulf Spill Trial Set For January

The high-stakes penalty phase of BP's trial over its role in the 2010 U.S. Gulf of Mexico oil spill will start next January, court officials said on Tuesday,

North Sea Maintenance Offsets Lack of Sales to Asia

North Sea Forties crude differentials were unchanged on Tuesday in light trade, supported by upcoming North Sea maintenance, but the forward curve weakened due

Saipem: A Fleet Grows in Brazil

As some pre-salt plays begin production, a wide range of subsea infrastructure is being built, with O&G transportation pipeline grids being one of the vital downstream systems.

Workboats

Viking Welding Delivers Fire/Rescue Boats

Fire Departments in South Carolina and Minnesota have recently accepted delivery of Response FR-28 and FR-31J boats built of welded aluminum by Viking Welding & Fabrication in Kensington, N.

Offshore: Seacor Raises the Bar Again

Long acknowledged as a firm to watch in U.S. crewboat and fast supply boat innovation, Seacor Marine will be attracting industry attention once again when its latest

Miami Tugboat Oil Spill: Coast Guard Respond

The US Coast Guard says that its crewmembers are responding to a fuel spill in the vicinity of Government Cut in Miami, following a leak discovered aboard the 95-foot tugboat 'Neptune'.

Finance

BIMCO: Positive Economic Developments Benefits Shipping

The recovery of the Eurozone continues as job creation returns across the region. The hiring of more staff indicates that manufacturing and service industries believes

Korean Prosecutors Raid Home of Ferry's Owner

Prosecutors investigating the fatal sinking of a South Korean ferry have raided the home of Yoo Byung-un, the head of a family that owns the Chonghaejin Marine Co.

UK Subsidises 8 Renewable Energy Contracts

The British government on Wednesday awarded investment contracts under a new subsidy regime to eight renewable energy projects, including five offshore wind farms and three biomass plants.

Energy

BP Gulf Spill Trial Set For January

The high-stakes penalty phase of BP's trial over its role in the 2010 U.S. Gulf of Mexico oil spill will start next January, court officials said on Tuesday,

Canada To Keep Keystone XL Issue Alive With White House

Far from giving up on the Keystone XL pipeline to the United States, Finance Minister Joe Oliver said on Tuesday Canadawould keep the issue alive with the Obama

EU gives Geneva deal a chance before adopting new Russia sanctions

The European Union is holding off imposing further sanctions on Russia for now over its actions in Ukraine until it sees if a deal reached in Geneva last week works, EU diplomats said on Tuesday.

People in the News

McDermott Elect G.P. Luquette Board Chairman

Provider of integrated engineering, procurement, construction and installation (EPCI) services for upstream field developments worldwide, McDermott International, say that Gary P.

Ill-Considered Energy Policies Threaten US Navy: Report

The United States government has pursued energy policies based on “the mistaken belief in the unproven science that claims carbon dioxide (CO2) emissions from burning

Coast Guard Pacific Area receives new commander

Vice Adm. Charles W. Ray relieved Vice Adm. Paul F. Zukunft as Commander, Coast Guard Pacific Area and Coast Guard Defense Forces West, in a change of command

 
 
Maritime Contracts Maritime Security Naval Architecture Pod Propulsion Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
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: 0.3147 sec (3 req/sec)