Offshore staff
STOCKHOLM, Sweden -- Lundin Norway, Marathon Petroleum, and Talisman Energy Norge have entered into a three-year contract with Transocean for the semisubmersible Transocean Winner.
The rig utilization is to be shared equally between the three as dictated by a separate rig sharing agreement. The $500-million contract will begin in August 2009.
"Lundin Norway has developed an exciting portfolio of exploration and appraisal prospects in Norway," says Ashley Heppenstall, president and CEO of Lundin Petroleum. "TheTransocean Winner contract and the existing Songa Dee rig contract will give us two and a half years of rig capacity from 2009. We therefore anticipate an aggressive exploration and appraisal program going forward in Norway."
03/14/2008
