Statoil Exercises Option for ‘Deepsea Atlantic’

Statoil has exercised a one-year option for use of Deepsea Atlantic from August 5, 2014.

Deepsea Atlantic has been drilling for Statoil in The North Sea since 2010. In addition to the one-year option now being exercised, the contract includes another two-year option.

Deepsea Atlantic is a sixth generation ultra deepwater and harsh environment semisubmersible of enhanced GVA 7500 design equipped with a dual derrick.

The rig is currently drilling production wells at the Gullfaks field.

Press Release, August 7, 2013