NCS rig contract completed
Rocksource ASA (`Rocksource`) announced on 8 August that the company had secured rig capacity by participating in a consortium of operators that had entered into a contract for the semi- submersible drilling rig `Borgland Dolphin` for operation on the Norwegian Continental Shelf (NCS). The final contract has now been signed by all parties.
The estimated contract value between Dolphin AS, a subsidiary of Fred Olsen Energy ASA, and the consortium is approx. USD 775 mill for a period of 4 years. Rocksource has secured a total of 92 days of the contract period.
We are very pleased to participate in this consortium, as it enabled us to secure drilling capacity in a very competitive market. We will allocate this rig to license partnerships in the future for exploration drilling on the NCS, and consider this to be a major asset in our ongoing business development activities.
Oslo, 28.8.2008
Rocksource ASA
Trygve Pedersen
CEO
+47 90 09 77 41
Published: 28.08.2008
Contact Information
Address:
Thormøhlensgate 53 D
Postboks 994 Sentrum
N-5808 Bergen
Norway
| Phone: | +47 05369 |
| From abroad: | +47 21 49 32 69 |
| Fax: | +47 55 36 87 98 |
Per Anders Muri
VP Corporate Communications
Phone: +47 91 11 61 21
per.anders.muri@rocksource.com