Bergen Group to upgrade three Transocean rigs

Transocean Offshore (North Sea) has signed a frame agreement with Bergen Group Hanøytangen AS for the upgrading of three rigs.

Offshore staff

BERGEN, Norway -- Transocean Offshore (North Sea) has signed a frame agreement with Bergen Group Hanøytangen AS for the upgrading of three rigs.

The agreement is for upgrade and classification work for theTransocean Searcher, Polar Pioneer, Transocean Arctic, as well as an option for corresponding work on a further drilling rig. Bergen Group`s scope of work includes detailed project planning, purchasing, as well as involvement in overall project management. Bergen Group estimate the frame contract will have an expected turnover of more than $81 million. The work began in September 2008 and will continue until the end of 2009, and will be carried out at Bergen Group's facilities at Hanøytangen outside Bergen.

10/06/2008

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