Infignos Media -- buyersUSA Consulting
NOW PLAYING
15 Radio Streams
Click Here
Signature In-Home Care, Inc.
Advertise Here

From Energy - Oil / Energy

Brought to you by East Alabama Regional Planning Commission

Quintard Tower, Suite 300 1130 Quintard Avenue,Anniston, AL 36201 Phone Toll Free - 800-239-6741,Local - 256-237-6741,Fax - 256-237-6763

Abundance

Additional Rig Capacity Secured

Fri, 5 Oct 2012 10:31:16 EST

Statoil and its partners have entered into contracts for use of the Bideford Dolphin, Stena Don and Scarabeo 5 rigs on the Norwegian continental shelf. The contracts have a total value of NOK 9,17 billion, excluding potential options.

The rigs will be used for production drilling for several fast-track developments as well as drilling and completion on the Norwegian shelf.

"Securing three rigs in the current market represents a real achievement for the Norwegian shelf. The rig capacity we have secured in these contracts will contribute to achieving our production targets towards 2020, through production drilling on several of our legacy assets and starting production from fast-track developments," says Øystein Michelsen, executive vice president Development and Production Norway in Statoil.

The Bideford Dolphin rig, owned by Dolphin Drilling AS, will be used for production drilling on the Tordis and Vigdis fields, as well as the Statfjord field in the North Sea.

The contract will run from the first quarter of 2014 until the first quarter of 2017. Statoil has also secured a potential option for two more years. The estimated value of the contract is NOK 2,96 billion for the fixed period, excluding potential options.

The Stena Don rig, owned by Stena Drilling, will be used for production drilling on the Troll field, as well as the fast-track development Fram H-Nord, in the North Sea. The contract will run from the fourth quarter of 2013 until the fourth quarter of 2016.

Statoil has also secured a potential one-year option. The estimated value of the contract is NOK 3,11 billion for the fixed period, excluding potential options.

The Scarabeo 5 rig, owned by Saipem, will be used for drilling and completion of production wells on various NCS fields. The contract will run from the third quarter of 2014 until the third quarter of 2017.

Statoil has also secured a potential one-year option. The estimated value of the contract is NOK 3,10 billion for the fixed period, excluding potential options.

"Increasing recovery from existing fields is important for Statoil. Drilling and well maintenance provide the greatest contribution to improved recovery, and it is therefore very positive that we have secured this rig capacity," says Øystein Arvid Håland, head of drilling and well in Statoil.


Source: WebWire



From Our Blogs

Three Simple Ways to Trim Monthly Expenses

You can devote more toward the things you want, as well as save more for the future.

Time and Money-Saving Holiday Gift Ideas

The savings experts at Dollar General have a few gift ideas that are easy and fun to get you in the

Delight the Five Senses this Holiday Season

Turn your gifts, celebrations and home décor into a festive feast for the five senses.

Super Simple Tips to Manage and Help Prevent Diabetes

It’s no surprise that diabetes is a leading cause of death in the United States.


Sign up for our weekly newsletter.

Our Website Sponsors

LaMar's Donuts

Our donuts are the ultimate indulgence. Visit us at our 1781 Hamric Drive E. location in Oxford. Call 256-832-4353.

TCBY Yogurt

The country's best yogurt. Softserve, hand scooped, smoothies, cakes, pies, and specialty items. There's nothing like a specialty ice cream cake for your next special occasion! Visit or Anniston location at 1903 Quintard Avenue. 256-238-8229.

Walmart Super Center

Save Money, Live Better! Walmart! WDNG is proud to give away a delicious birthday cake from the Oxford Walmart bakery in our weekly birthday club drawing. www.walmart.com

Northeast Alabama Regional Medical Center

RMC's mission is to provide advanced health care of the highest quality with compassion and integrity to every patient.Over 185 physicians & most major specialties comprise Regional Medical Center’s medical staff.256-235-5121.www.rmccares.org

Tangible Investment Group

Since 2006 we've been buying your gold and jewelry. Highest Prices Guaranteed, and you can take that to the bank! Located on 5th floor in Wells Fargo Bank Building, Quintard Ave. Anniston. Call us at 256-231-0444.