StatoilHydro contracts Polar Pioneer

Oct. 22, 2007
StatoilHydro has awarded a four-year contract to lease Transocean's semisubmersible drilling rig Polar Pioneer.

Offshore staff

STAVANGER, Norway –StatoilHydro has awarded a four-year contract to lease Transocean's semisubmersible drilling rig Polar Pioneer. The contract goes in force in the first half of 2010, depending upon when the rig completes it current lease.

"This is the first rig contract awarded by the new company and represents a strategically important acquisition, not least with regard to exploration in the far north of Norway and completion of production wells," says Kjell-Erik Østdahl, chief procurement officer.


10/22/2007