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.

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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

Source: /www.ogj.com

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