Statoil has signed a fresh deal to keep hold of a North Atlantic Drilling Ltd (NADL) jack-up, just weeks after reports indicated the pair were at loggerheads over payments for service personnel.
The Norwegian state-controlled player will hang on to the West Elara for at least one firm well, with an option to keep it for another well.
The firm portion of the deal is estimated to be worth $10 million to the Seadrill-connected harsh-environment driller.
NADL
