Smedvig secures contract extension for West Vanguard

Contracts, Tenders and Rates - November 22, 2002

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Norsk Hydro has extended the production drilling contract for the semi-submersible drilling rig West Vanguard.

The contract includes drilling of one well on the Troll field on the Norwegian continental shelf, with an option for additional work on two wells.

The estimated contract value for the firm part of the contract is approximately $8 million. The drilling period will be approximately 80 days.

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