Equinor has signed a framework agreement with Rowan Norway Limited, based on terms that will also apply to future rig contracts with the company.
The contract with Rowan Stavanger is based on the framework format and gives Equinor exclusive right to use the rig up to 2025 if the rig is kept in continuous operation.
The value of the fixed part of the contract is estimated at US$23 million. In addition to drilling services, the rig owner is responsible for casing running, slop treatment and cuttings handling.
“We are pleased to establish an agreement with a rig supplier that is new to us as operator on the Norwegian continental shelf. Rowan is a large worldwide supplier of jack-up rigs. We want to have a long-term cooperation with Rowan and have therefore signed a framework agreement with them,” says Geir Tungesvik, senior vice president for Equinor’s drilling & well cluster.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/22102018/rowan-stavanger-to-drill-for-gudrun/