Statoil to drill Alpha North in mid-2003

Statoil ASA and Transocean Sedco Forex Inc. have signed a 200 million kroner contract for the use of Transocean Searcher drilling rig on Statoil's Alpha North satellite in the North Sea Sleipner West field.

Aug 23rd, 2002

By OGJ editors

HOUSTON, Aug. 23 -- Statoil ASA and Transocean Sedco Forex Inc. have signed a 200 million kroner contract for the use of Transocean Searcher drilling rig on Statoil's Alpha North satellite in the North Sea Sleipner West field. Alpha North is scheduled to begin producing gas and condensate Oct. 1, 2004.

The rig will perform drilling and completion of three wells on the Alpha North structure, which will be tied back to the Sleipner A platform.

Plans call for Transocean Searcher to start drilling work next summer when the rig has completes assigned work in Åsgard field in the Norwegian Sea. Operations are expected to last for 270 days.

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