Smedvig, Norwegian offshore oil driller, has been awarded two rig contracts by Petroliam Nasional Bhd (Petronas) in Malaysia on 17 November 2005. This transaction is worth US$74 million.
In a statement posted on Smedvig’s website, the company said the self-erecting tender rigs T-6 and Teknik Berkat, in which Smedvig owns 49 per cent, have been awarded a letter of intent by Petronas Carigali Sdn Bhd, the exploration arm of Malaysia’s national oil company.
The production drilling assignments have duration of two years and 600 days for T-6 and teknik Berkat, respectively.
Commencement of operations for T-6 is scheduled for the beginning of December 2005, while for Teknik Berkat, the start-up was on 17 November 2005.
The estimated contract value is US$43 million and US$31 million for T-6 and Teknik Berkat respectively.
