Equinor Lets Contract for Jack Up Rig in Norwegian North Sea

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has let a two-well contract with five options for single-well drilling to Rowan Cos. PLC for its Rowan Stavanger N-Class ultra-harsh environment jack up rig for use in Gudrun field in the Norwegian North Sea.

In addition, Equinor and Rowan have signed a framework agreement based on terms that will also apply to future rig contracts with the company.

The contract is expected to begin in third-quarter 2019 for a term of 5 months plus options. Based on the framework format, Equinor holds exclusive right to use the rig up to 2025 if the rig is kept in continuous operation.\

The Rowan Stavanger is currently working in Yme field for accommodations and platform support services for Repsol in Norway.

The fixed part of the contract is valued at $23 million. In addition to drilling services, Rowan is responsible for casing running, slop treatment, and cuttings handling.

First proven in 1975, oil and gas are transported from Gudrun field to the Sleipner A platform. Gas is transported to the gas markets from Sleipner A. Oil is routed together with the Sleipner condensate to Karsto for shipping

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