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    Smedvig secures new platform drilling contract in the UK

    Projects and Operations // April 29, 2004
    Smedvig has been awarded a letter of intent by Shell UK Limited for platform drilling services and maintenance on 12 fixed installations on the UK continental shelf.

    The drilling assignment has a firm duration of four years with two renewal options of two years, respectively. The estimated value of the firm part of the contract is NKr 900 million.

    Commencement is scheduled for May with hand-over of operations on the installations in the period up to end of September this year.

    The contract will employ approximately 200 people, which mainly will be recruited locally. The operations will be managed from a newly established office in Aberdeen and will include platform drilling on Brent A, B, C and D, Nelson, Auk, Cormorant Alpha,Dunlin, Eider, Fulmar, North Cormorant and Tern.

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