Offshore driller Transocean has been awarded a contract by Statoil Petroleum for 2009-built harsh environment semi-submersible Transocean Spitsbergen.
The rig will drill 22 wells in the Norwegian North Sea, commencing in the third quarter of 2019, with operations expected to take 33 months. Statoil also has an additional two one-well options.
Jeremy Thigpen, president and CEO of Transocean, commented: “We are extremely pleased to have once again contracted the Transocean Spitsbergen with Statoil. This contract is a testament to the capability, reliability and efficiency of the asset, the expertise and professionalism of our crews and shorebased support, and the strength of our relationship with Statoil. We look forward to this opportunity to continue to exceed Statoil’s performance expectations.”
Transocean said the contract is valued at around $286m excluding performance incentives.