Transocean wins North Sea semi-submersible contract

Transocean wins North Sea semi-submersible contract

Det norske oljeselskap, on behalf of the partnerships in PL 203 (Alvheim) and PL 150 (Volund), has chartered Transocean semi-submersible drilling rig Transocean Arctic for the drilling of four wells in the Alvheim area of the North Sea.

The rig contract will involve the drilling of one exploration well and three production wells.

The project will commence during December 2016 and is estimated to be for around 250 days on a day rate at market value. There are several further options built into the agreement, which is worth approximately $44.75m excluding the options.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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