Statoil contracts for Transocean Leader

Sept. 1, 2006
Statoil has awarded a 30-month, $378 million charter starting at the end of 2008 for the semisubmersible Transocean Leader.

Offshore staff

STAVANGER, Norway -- Statoil has awarded a 30-month, $378 million charter starting at the end of 2008 for the semisubmersible Transocean Leader.

The rig will be used for exploration and production drilling in Tampen and Halten/Nordland areas of the Norwegian continental shelf. Statoil previously had used the rig in the North Sea and Norwegian Sea.

TheTransocean Leader is a fourth-generation Aker H-4.2 unit, built in 1987 to work in deeper waters.

9/1/06