By OGJ editors
HOUSTON, Dec. 16 -- Total Congo has awarded a letter of intent to Smedvig ASA, Stavanger, to lease Smedvig's T-8 self-erecting tender rig.
The drilling assignment, in Congo, West Africa, has a firm duration of 105 days, with options for an additional 300 days. The estimated contract value for the firm period is $5.1 million, with an additional mobilization-demobilization fee of $ 4 million.
Start-up is scheduled for second quarter 2004.
