OSLO -(Dow Jones)- Smedvig ASA said Monday that it has been awarded a letter of intent by the Australian oil company Woodside for the assignment of the deepwater drillship West Navigator.
The contract value for the firm period is approximately $11 million. The drilling period is estimated to somewhat more than two months, which will keep the unit continuously employed until November/December 2003.
The contract includes the drilling of two wells offshore Mauritania in West Africa, with options for additional four wells.
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