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Statoil secures rig capacity for exploration drilling in Angola

BY DOMINIC CHOPPING
 
OSLO -- Norwegian oil major Statoil said Friday it has secured a rig for exploration drilling in Angola. Statoil has signed a three year contract for the Stena Carron drillship for exploration drilling in the pre-salt blocks (Blocks 38 and 39) in the Kwanza basin in Angola.

The agreement being managed by Stena Drilling is for a three year fixed term with start-up in 4Q 2013/1Q 2014. Estimated total contract value is $700 million.

Tim Dodson, executive vice president for Exploration, says: "Statoil has also allocated the drill-ship Discoverer Americas to East Africa performing exploration drilling in the Statoil-operated blocks in Tanzania and Mozambique."

"Statoil has now secured rig capacity for its planned global exploration program in 2013 and 2014."

Dow Jones Newswires


 

03/15/2013

 

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