Statoil orders two more drilling rigs from Songa Offshore

Offshore staff

STAVANGER, Norway – Statoil has ordered from Songa Offshore two more purpose-built drilling rigs to work on the Norwegian continental shelf. The two category D rigs are a concept developed by Statoil for medium water depths.

The contract value of $1.33 billion per rig has a fixed charter period of eight years with four options of three years each beyond that.

Daewoo Shipbuilding & Marine Engineering Co. in South Korea will build the rigs at a fixed price of $570 million per unit, inclusive of optional Statoil upgrades that include Barents Sea winterization and other enhancements. The drilling package will be delivered by Aker Solutions.

Delivery of the now four-rig order will begin in 2013.

“Statoil is committed to maximizing the value of the NCS,” says executive vice president of Development and Production Norway in Statoil, Øystein Michelsen. “We have a world-class project portfolio on the NCS with a robust production outlook. In addition to the safe and efficient development of new fields, we continue to step up our efforts to improve recovery from existing fields. We are convinced that new efforts are needed to secure a rig fleet that can handle the demanding tasks ahead.”

2/24/2012

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