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    Transocean Sedco Forex says rigs "back in service"

    News // February 1, 2002
    Transocean Sedco Forex has been awarded contracts for two high-specification floating drilling rigs and has received a contract extension on a third high-specification floating drilling rig.

    The semi-submersible Sovereign Explorer has been awarded a one-year primary term contract from Amerada Hess Corporation through its Triton Equatorial Guinea business unit for drilling operations offshore Equatorial Guinea. The one-year contract, which provides for a one-year extension period, is expected to commence in early March 2002, following mobilization of the rig from the North Sea.

    The drillship Discoverer 534 has been awarded a two-well, estimated 60-day contract from Reliance Industries Limited in India. The ship was expected to begin mobilizing from the Gulf of Mexico in late January and commence drilling operations offshore India by early-April.

    The Arctic-class semi Polar Pioneer has received a six-month contract extension from Norsk Hydro to continue drilling operations offshore Norway. The semi, which has worked for Norsk Hydro in Norway since its delivery in 1985, is now contracted until February 2003.

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