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    Transocean Sedco Forex receives contract for semi-sub

    Contracts, Tenders and Rates // October 5, 2000
    Transocean Sedco Forex has entered into a contract for the semi-submersible Sovereign Explorer to drill two wells for Statoil (UK) Limited. The contract, which is valued at an estimated $16.8 million, is expected to begin in April 2001, with an approximate duration of 105 days.

    Currently, the Sovereign Explorer is conducting drilling operations for Ranger Oil (UK) Limited in the UK sector of the North Sea.

    The Sovereign Explorer is capable of drilling in water depths of up to 4,500ft.

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