Statoil secures rig for E&P

A charter worth almost $137.9 million to use the Transocean Leader rig in both E&P drilling has been secured by Statoil.

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Statoil secures rig for E&P

Offshore staff

(North Sea) - A charter worth almost $137.9 million to use theTransocean Leaderrig in both E&P drilling has been secured by Statoil.

Due to come into effect in September 2007, this one-year contract represents a direct extension of an existing charter with rig contractor Transocean.

"Transocean Leader will secure future volumes of oil and gas for installations in the Tampen area of the North Sea," says sector manager Øyvin Jensen.

The rig has been drilling for Statoil since the summer of 2004, and is currently working in an exploration collaboration which also involves Shell and Hydro.

10/11/05

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