Statoil awarded Transocean a 22-well contract in the Norwegian North Sea for the harsh environment semisubmersible Transocean Spitsbergen with an estimated duration of 33 months; plus two one-well options.
The estimated firm backlog associated with the contract is approximately US$286 million, which excludes opportunities for performance incentives. The contract is expected to begin Q3 2019.
"We are extremely pleased to have once again contracted the Transocean Spitsbergen with Statoil," said Jeremy Thigpen, president and CEO. "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."
Statoil announced today (21 December) that it will move forward with an expansion project on its Snorre field in the Norwegian North Sea.
