Statoil spends big on new rigs

Statoil has awarded the contract for construction of two new drilling rigs for use on the Norwegian continental shelf (NCS) to Songa Offshore. The deal is worth around US $2.47 […]

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By Tom Gibson

Statoil has awarded the contract for construction of two new drilling rigs for use on the Norwegian continental shelf (NCS) to Songa Offshore. The deal is worth around US $2.47 billion.

The project concept and design has taken one year and the implementation period is expected to take three years, including detail engineering, construction and transportation to the NCS.

Statoil is considering including two more category D rigs, so the company can potentially shop with Songa Offshore again, but is also continuing its evaluation of the received bids from other bidders.

During the second half of 2011 Statoil say they will consider various contracts to ensure the building of another two category D rigs, including the opportunity to take an ownership position in the rigs.