Equinor ASA has let a two-well contract with 5 choices for single-well drilling to Rowan Cos. PLC for its Rowan Stavanger N-Class ultra-harsh surroundings jack up rig to be used in Gudrun area within the Norwegian North Sea.
In addition, Equinor and Rowan have signed a framework settlement based mostly on phrases that may even apply to future rig contracts with the corporate.
The contract is predicted to start in third-quarter 2019 for a time period of 5 months plus choices. Based on the framework format, Equinor holds unique proper to make use of the rig as much as 2025 if the rig is saved in steady operation.
The Rowan Stavanger is at the moment working in Yme area for lodging and platform help providers for Repsol in Norway.
The mounted a part of the contract is valued at $23 million. In addition to drilling providers, Rowan is chargeable for casing working, slop therapy, and cuttings dealing with.
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First confirmed in 1975, oil and fuel are transported from Gudrun area to the Sleipner A platform. Gas is transported to the fuel markets from Sleipner A. Oil is routed along with the Sleipner condensate to Karsto for transport
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