Statoil takes up option on heavy-duty jackup

Statoil (OSE:STL, NYSE:STO) has exercised an option with North Atlantic Drilling to extend its contract for the harsh environment jackup West Epsilon by two years from December 2014 to December 2016.
Dec. 21, 2012

Offshore staff

HAMILTON, Bermuda – Statoil (OSE:STL, NYSE:STO) has exercised an option with North Atlantic Drilling to extend its contract for the harsh environment jackup West Epsilon by two years from December 2014 to December 2016.

Estimated value of the extension is $215 million.

12/21/2012

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