Transocean Norge to Drill for Equinor

Equinor has awarded Transocean a contract for drilling six wells on the Norwegian continental shelf (NCS) by use of the Transocean Norge mobile rig. Drilling start-up 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. Transocean Spitsbergen was the company’s first rig to be included as per the framework agreement terms, and Transocean Norge will be the second.

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 and 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. Designed for NCS operations, it is winterized to withstand Norwegian weather conditions.