March 1, 2018 / 10:21 AM / 3 months ago

BRIEF-Statoil awards Seadrill's West Phoenix rig $38 mln contract

March 1 (Reuters) - Statoil Asa:

* ‍STATOIL AND ITS PARTNERS HAVE CONTRACTED WEST PHOENIX RIG FOR EXPLORATION DRILLING ON UK AND NORWEGIAN CONTINENTAL SHELVES FROM SUMMER OF 2018‍

* CONTRACT IS AWARDED TO TWO SEADRILL COMPANIES NORTH ATLANTIC DRILLING UK LTD. AND NORTH ATLANTIC NORWAY​

* ‍RAGNFRID NORTH WELL HAS AN ESTIMATED VALUE OF USD 19.5 MILLION, WHILE VALUE OF THREE WELLS ON UKCS IS ESTIMATED AT USD 18.5 MILLION​

* ‍FIGURES INCLUDE INTEGRATED DRILLING SERVICES SUCH AS FUEL, CASING RUNNING, REMOTELY OPERATED UNDERWATER VEHICLE (ROV), SLOP TREATMENT AND CUTTINGS HANDLING AS WELL AS MOBILISATION AND DEMOBILISATION​ Source text: [here ]

Further company coverage: (Reporting By Ole Petter Skonnord)

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