New drilling campaign at Sleipner West
The jack-up drilling rig West Epsilon and wellhead platform Sleipner B. (Photo: Øyvind Hagen)
The option has a value of NOK 620 million, and the total value of the contract now entered into with Seadrill for Sleipner West since last summer now amounts to NOK 1.18 billion.
The option to use the jack-up drilling rig West Epsilon allows StatoilHydro to drill five or six new wells at Sleipner West in the period leading up to 2010.
There is strong activity on the Sleipner West field, and new seismics will be shot this year. StatoilHydro is utilising advanced seismics to reduce risk and become more effective in its drilling operations.
The drilling campaign can contribute to increasing remaining reserves. The initiatives being implemented mean that production at Sleipner West is expected to continue well beyond 2020.