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    Transocean to drill on Sn°hvit

    Contracts, Tenders and Rates // April 25, 2003
    A letter of intent worth some NOK 700 million has been signed by Statoil and Transocean for drilling and completion work on the Sn°hvit field in the Barents Sea.

    The contract with Transocean covers drilling and commissioning of the 10 wells in phase one of the development on the Sn°hvit and Albatross fields.

    The Polar Pioneer rig will carry out the work, which is due to start in the autumn of 2004.

    The work should be finished in the spring of 2006.

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