COSL Pioneer to Drill for Statoil at Visund Nord

Statoil Petroleum AS has received consent to use the COSL Pioneer semi-submersible drilling rig for drilling and completion of wells 34/8-C-2 H and 34/8-C-2 AH at Visund Nord.

The activity is scheduled to begin in August, with a duration of around 120 days.

Visund is an oil field located east of the Snorre field in the northern sector of the North Sea. Water depth is around 335 metres.

COSL Pioneer is a type GM4000, built at Yantai Raffles Shipyard, China in 2010. The rig is owned and operated by COSL Drilling Europe. It is registered in Singapore and classified by DnV.

COSL Pioneer received Acknowledgement of Compliance (AoC) from the PSA on 17 June 2011.