Smedvig wins big drilling deal

Offshore technology provider Smedvig has won two major drilling contracts for Norsk Hydro on the Norwegian continental shelf.

The agreements, totalling USD 183 million (NOK 1.7 billion), entail two years of drilling by the semi-submersible rig West Delta and a 19-month extension of drilling duties by the rig West Vanguard. Together, the contracts represent the largest drilling assignment in Smedvig's history, according to Managing Director Kjell Jacobsen.