Transocean Searcher to Åsgard

January 19, 2004, 16:00 CET

Rig contractor Transocean Offshore has received a letter of intent from Statoil covering a charter for the Transocean Searcher drilling and completion unit, initially worth some NOK 300 million.

Due to be placed by the Åsgard licence in the Norwegian Sea, this job involves drilling three wells through the new Q subsea template on the Smørbukk South deposit.

In addition come 95 days with other work on wells. The contract also contains options to extend it for three additional one-year periods.

Currently working on Statoil’s Sleipner fields in the North Sea, Transocean Searcher is due to mobilise on Smørbukk South during the first half of this year.