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    Prosafe wins contract for Rubicon

    Contracts, Tenders and Rates // July 19, 2002
    Norsk Hydro has exercised an option for the use of the modularised drilling- and intervention rig Rubicon on the Snorre TLP. The rig is owned and operated by Prosafe Drilling Services AS, a wholly owned subsidiary of Prosafe ASA. The option period, whichhas a duration of one year as from 15 August 2002, has a value of approximately NOK 120 million. The contract includes side track drilling, completion and well intervention.

    Prosafe Drilling Services has been responsible for the platform drilling on Snorre TLP since 1990, and Rubicon has been engaged on Snorre TLP since August 2000. Prosafe holds also the platform drilling contract on Snorre B.

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