Det norske signs agreement for Froy field jackup

Det norske oljeselskap has entered into a heads of agreement to lease a jackup production unit for the Frøy field.

Offshore staff

TRONDHEIM, Norway -- Det norske oljeselskap has entered into a heads of agreement to lease a jackup production unit for the Frøy field.

The unnamed contractor will build and operate the production unit, which is estimated to start producing from the Frøy field during 3Q 2012. The ten-year lease and operation contract has an optional extension for another five years (five times one year), according to the company.

08/14/2008

More in Rigs/Vessels