Statoil charters Transocean Leader for NCS drilling

Feb. 13, 2004
Statoil ASA has chartered the Transocean Leader semisubmersible drilling rig from Transocean Inc. for a 15 month drilling project on the Norwegian Continental Shelf (NCS).

By OGJ editors

HOUSTON, Feb. 13 -- Statoil ASA has chartered the Transocean Leader semisubmersible drilling rig from Transocean Inc. for a 15 month drilling project on the Norwegian Continental Shelf (NCS).

The contract, valued at 600 million kroner, has an option for a 90-day extension to cover the drilling of another well, which would add 110 million kroner to the charter value. The sequence of prospects to be drilled has not yet been finally determined, Transocean said.

Work for the Statoil group is scheduled to begin in May.