Rig contract to Transocean
Published by Angharad Lock,
Digital Assistant Editor
Oilfield Technology,
Det norske oljeselskap ASA has on behalf of the partnerships in PL 203 (Alvheim) and PL 150 (Volund) awarded an agreement to Transocean Offshore (North Sea) Ltd NUF for the lease of the semi-submersible drilling rig Transocean Arctic. The contract scope for drilling of four wells in the Alvheim area has a market value of approximately US$44.75 million exclusive options.
Transocean ArcticThe contract has its commencement window during December 2016 and involves the drilling of one exploration well (West Volund in license 150B) and three production wells (two wells in license 150 and one in license 203 / 088BS respectively). The award is for a traditional well contract based on a daily rate and with several flexible options built into the agreement.
The Transocean Arctic is a harsh environment midwater semi-submersible drilling rig. It is certified for drilling wells in the Barents Sea and under high pressure and high temperature conditions.
Edited from press release by Angharad Lock
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/01122015/transocean-receives-rig-contract-1722/
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