Offshore Rigs: Statoil exercises Deepsea Atlantic option

Source:Odfjell Drilling

Statoil (NYSE:STO) has exercised a one-year option for use of Deepsea Atlantic from August 5, 2014.

Deepsea Atlantic has been drilling for Statoil in The North Sea since 2010. In addition to the one-year option now being exercised, the contract includes another two-year option.

Deepsea Atlantic is a sixth generation ultra deepwater and harsh environment semisubmersible of enhanced GVA 7500 design equipped with a dual derrick.

The rig is currently drilling production wells at the Gullfaks field.

Visit PennEnergy's comprehensive Offshore Oil & Gas topic center to access industry focused articles and reports.

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