Smedvig secures new UK platform drilling contract

Shell UK Ltd. has awarded Smedvig a letter of intent for platform drilling services and maintenance on 12 fixed installations on the UK continental shelf.

Shell UK Ltd. has awarded Smedvig a letter of intent for platform drilling services and maintenance on 12 fixed installations on the UK continental shelf. The drilling assignment has a firm duration of four years, with two renewal options of two years.
Work is scheduled to begin in May, with hand-over of operations on the installations to take place at the end of September this year.
Operations will be managed from a newly established office in Aberdeen and will include platform drilling on Brent A, B, C, and D, Nelson, Auk, Cormorant Alpha, Dunlin, Eider, Fulmar, North Cormorant, and Tern.
Smedvig CEO Kjell E Jacobsen said, "The contract with Shell strengthens our position within platform drilling in the North Sea and represents a re-entry into a market we have thorough knowledge of."

04/23/04

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