StatoilHydro shares Transocean rig

Norway's StatoilHydro and Canadian players Husky Energy and PetroCanada have inked a rig-sharing agreement for Transocean's mobile drilling unit Henry Goodrich.

The rig will operate offshore Newfoundland, Canada, for a period of 2.5 years with a planned start-up during the summer of 2008. Combining the work programs of three operators in the region provided sufficient work scope to secure the drilling unit for the region. The Henry Goodrich is currently on a long-term charter with StatoilHydro. The rig is one of few units suitable for Newfoundland waters. StatoilHydro said it would use the rig to explore its leases in the Grand Banks area off Newfoundland and Labrador. Husky will use the rig to drill one of its wells in the North Atlantic this summer, while StatoilHydro expects to use it this autumn to drill its Mizzen prospect in the Flemish Pass area.
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