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Smedvig takes on management of SeaDrill's newbuild rigs.

Europe Intelligence Wire

| March 01, 2006 | COPYRIGHT 2006 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Lloyds List)

SMEDVIG has taken over management and marketing of SeaDrill's four semi-submersibles being built in Singapore and South Korea, writes Martyn Wingrove.

The Norwegian drilling contractor will supervise the construction of two semi-submersible rigs in Jurong Shipyard in Singapore and two in South Korea.

Smedvig will supervise construction of two rigs being built by Daewoo Shipbuilding ' Marine Engineering in South Korea, which are designed for harsh environments and drilling in water depths to 3,000 m.

The Jurong-built units will be capable of drilling in water depths to 2,500 m and, like the Daewoo units, will have dynamic positioning systems.

Smedvig will also be responsible for marketing these newbuild units in the drilling market, where day ...

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