StatoilHydro secures Deepsea Atlantic drilling rig

Uchenna Izundu
International Editor

LONDON, June 17 -- StatoilHydro signed a drilling contract with Odfjell Invest Ltd. to have the sixth generation Deepsea Atlantic drilling rig for 4-5 years.

The rig will be finished in October and will be sent from the Daewoo shipyard in South Korea to StatoilHydro for use in the North Sea in early 2009.

"The contract has a fixed duration of 4 or 5 years and in addition two options with duration of 2 years each. Statoil has to decide the firm contract period within July," Odfjell said.

The contract is worth $735 million on a 4-year fixed period with adjustable day rates depending on the contract's duration.

The parties signed a letter of award regarding the drilling rig in April 2007.

Contact Uchenna Izundu at

Related Articles

Bul Hanine field off Qatar due redevelopment


Qatar Petroleum will drill 150 wells through 2028 in an $11-billion redevelopment of offshore Bul Hanine oil field.

Marathon lets contract for Alvheim field subsea extension

05/14/2014 Marathon Oil Norge AS has let a contract to Technip SA for the extension of subsea infrastructure on Alvheim field on the Norwegian Continental She...

LGO to log first Goudron redevelopment well

05/14/2014 Leni Gas & Oil PLC (LGO), London, will run electric logs to total depth of 4,212 ft in its first well of a 30-well redevelopment program for Go...

GlobalData: Kenya’s first commercial oil find could generate $10 billion

05/14/2014 Kenya’s first commercial oil discovery in South Lokichar basin’s Block 10BB/13T could generate $10 billion in revenue over a 30-year production per...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected