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Equinor

Equinor has awarded Transocean a contract for drilling six wells on the Norwegian continental shelf (NCS) with the Transocean Norge mobile rig. Drilling startup is scheduled for the summer of 2019. The rig has also been awarded a contract option for drilling four additional wells and is intended for subsequent continuing options. Transocean has previously signed a framework agreement with Equinor. The contract value for the six wells is estimated at approximately $89 million. The services covered by the contract include drilling services such as slop treatment, cuttings handling, and part of the mobilization fee. The six wells will be drilled for the Tordis/Vigdis, Visund, Bauge, and Snorre licences. The rig is owned by Hayfin Capital Management and Transocean.


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