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    Navis Explorer awarded contract extension

    Contracts, Tenders and Rates // September 21, 2001
    Fred Olsen Energy has reached agreement for a further, one well extension for the drill ship Navis Explorer 1 with Petrobras in Brazil.

    The extension will commence shortly and will be the fourth well to be drilled for Petrobras under its current.

    The value of the contract is in the order of $6.9 million.

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