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    Solstad notes "positive signs" in North Sea spot market

    News // April 2, 2004
    Solstad in Norway has detected encouraging signs of better levels of activity in the North Sea spot market.

    In a recent statement, Solstad said Week 12 turned out to be "a hectic week" in the North Sea, with several anchor handling operations in the UK and Norwegian sectors increasing to rates of NKr 50,000 per day to NKr 200,000, per day.

    The Normand Ivan and Normand Master where both fixed at NKr 200,000 for the rig move of semi Polar Pioneer.

    "There are definitely positive signs for activity increase. The drilling activity will pick up and more drilling rigs are expected to leave lay-up in the coming months," said the company.

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