Gjøa drilling contract

As development operator, Statoil has signed an agreement with Transocean Offshore for drilling of production wells at the North Sea’s Gjøa field.

Valid for three years, the contract is worth around USD 427 million. The deal covers drilling of 13 wells, with options for a further three. The Transocean Searcher rig will drill the wells. First drilling is planned to start in October 2008.