Statoil lets contract for drilling rigs

By OGJ editors
HOUSTON, July 5
-- Statoil let a $2.47 billion contract to Songa Offshore for the construction of two semisubmersible drilling rigs for use off Norway.

Each rig's contract is for a fixed, 8-year charter with four 3-year options.

The rigs are designed for operating in 100-500 m of water and drilling to 8,500 m.

Statoil designates the rigs as Category D, which are rigs designed for drilling and completing wells in mature fields and operating 20% more efficiently than currently available rigs.

Statoil expects to start using the rigs first on the Troll field in second-half 2014.

Songa has assigned the rig construction work to the Daewoo Shipbuilding & Marine Engineering yard in South Korea. It has picked Aker Solutions as the supplier of the drilling equipment.

The 3-month mobilization from the yard in South Korea to the North Sea is included in the contract value.

Statoil may contract for two more category D rigs. It may exercise its option with Songa for the rigs, but also continues to evaluate other received bids.

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