New rigs part of re­ju­ve­na­tion strat­egy

OffComm News - - NEWS -

Samsung Heavy In­dus­tries Co. Ltd, and op­er­a­tor KCA Deu­tag Drilling Nor­way AS, have been awarded con­tracts for the con­struc­tion and op­er­a­tion of two cat­e­gory J rigs. Valid for an ini­tial pe­riod of eight years the deal has been ini­tially val­ued at USD$ 900m. The cat­e­gory J rig in­take is part of Sta­toil's long- term rig cat­e­gory strat­egy to re­ju­ve­nate its rig fleet, se­cure long- term rig ca­pac­ity and re­duce drilling costs to im­prove net­work and com­mu­ni­ca­tion re­cov­ery rates. The li­cense own­er­ship model has been de­vel­oped in close co­op­er­a­tion with li­cence part­ner, Pe­toro. The rigs will be owned by the Gull­faks and Ose­berg li­censes, but will be op­er­ated by a drilling con­trac­tor. Op­er­a­tion start is ex­pected in 2016- 2017. www. shi. samsung. co. kr/ eng/

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