July 07, 2011 at 13:10 PM EDT
(STO) Statoil ASA to Pay $2.47 Billion for New Rigs
Oil giant Statoil ASA (STO) has awarded a contract worth $2.47 billion to Norway’s Songa Offshore. Per the deal terms, Songa will build two category D semi-submersible rigs for use on Norwegian Continental Shelf (NCS) with specified terms of 8 years each that could extend to 20 years. With a capability to work in water [...] (STO) Statoil ASA to Pay $2.47 Billion for New Rigs
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