December 21, 2017 / 6:41 AM / a month ago

BRIEF-North Atlantic Drilling wins $80 mln rig contract with VNG Norge from early 2020

Dec 21 (Reuters) - North Atlantic Drilling Ltd:

* REG-NADL - ANNOUNCES CONTRACT AWARD FOR WEST PHOENIX WITH VNG NORGE

* NORTH ATLANTIC DRILLING LTD: ‍NORTH ATLANTIC DRILLING LTD HAS BEEN AWARDED A SIX FIRM WELL CONTRACT WITH VNG NORGE FOR SEMI-SUBMERSIBLE WEST PHOENIX FOR WORK ON FENJA DEVELOPMENT IN NORWEGIAN SEA​

* NORTH ATLANTIC DRILLING LTD: ‍IN ADDITION, CONTRACT PROVIDES FOR THREE OPTIONAL WELLS PRIOR TO FIXED TERM PERIOD AND THREE OPTIONAL WELLS AFTER FIXED TERM PERIOD​

* NORTH ATLANTIC DRILLING LTD: ‍BACKLOG FOR FIRM PERIOD OF CONTRACT IS ESTIMATED TO BE APPROXIMATELY US$ 80 MILLION

* THE FIRM PERIOD IS EXPECTED TO COMMENCE IN EARLY 2020

* THE AWARD IS SUBJECT TO GOVERNMENT APPROVAL OF THE DEVELOPMENT PLAN WHICH IS EXPECTED IN THE FIRST HALF OF 2018​ Source text for Eikon: Further company coverage: (Reporting By Ole Petter Skonnord)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below