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Smedvig secures new contract for T-9 in Malaysia.
(From Hugin)
STAVANGER, Norway, August 1, 2005 -- The tender rig T-9, in which Smedvig owns 49 percent, has been awarded a contract extension by ExxonMobil in Malaysia. The production drilling assignment has a duration of three years. Commencement of operations is scheduled in mid-January 2006, in direct continuation of the existing contract. The estimated contract value is approximately US$ 66 million. ExxonMobil has the right to terminate the contract after one year. Analyst Contact: Jim Datland, Investor Relations Manager +47 51 50 99 19 Media Contact: Kjell E. Jacobsen, Chief Executive Officer +47 51 50 99 19 Smedvig asa is an offshore drilling contractor headquartered in Stavanger, Norway. The company provides drilling and well services in the North Atlantic and Southeast Asia. Smedvig's main activities are divided into mobile units, tender rigs and well services. Smedvig has a fleet of three modern drilling rigs, one drillship and ten tender ...
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