Rocksource secures rig capacity
Rocksource ASA (“Rocksource”) is pleased to announce that the company has entered into a rig consortium and secured rig capacity for drilling exploration wells on the Norwegian Continental Shelf.
Rocksource has together with 5 other oil companies secured a contract for the semi submersible drilling rig Borgland Dolphin for operation on the Norwegian Continental Shelf. The award is subject to final contract and commencement is estimated to be in direct continuation of current contract.
The estimated contract value between Dolphin AS, a subsidiary of Fred Olsen Energy ASA, and the consortium is approx USD 602 mill for a period of 3 years. Rocksource has secured a total of 92 days of the contract period.
Rocksource is in the process of building up a drilling campaign both in Norway and internationally. This rig capacity enables us to drill exploration wells on the Norwegian Continental Shelf according to our strategy. At the same time it will also strengthen future applications for new licenses in Norway, as it gives us the tool we need to mature the portfolio as an operator.
Oslo, 8.8.2008
Rocksource ASA
Trygve Pedersen
CEO
+47 90 09 77 41
Published: 08.08.2008
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