OSLO: Norwegian oil firm Statoil has exercised an option to extend a contract for drilling rig Ocean Vanguard, a Statoil spokesman said on Friday, confirming a report by offshore.no.
The contract, which was set to expire in the summer of 2013, has been extended until the first quarter of 2015, the report said.
Based on current rig rates, the contract could be worth around 1.2 billion Norwegian crowns, offshore.no said, a figure Statoil did not confirm.
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