BAKLON Inc Believes!

Friday, October 22, 2010

BP in deepwater drilling deal offshore Angola

OSLO Oct 22 (Reuters) - British oil major BP (BP.L: Quote) has signed a $340 million two-year agreement for a deepwater drilling rig offshore Angola, unlisted Norwegian rig-owner Odfjell Drilling said on Friday.

The deal for Odjfell's Deepsea Stavanger rig, which can drill in waters depths up to 3,000 metres, and is set to start in the first half of 2011, includes three additional one-year options, it said.

The rig will drill in BP's Block 18 off Angola। A blowout of a BP deepwater well in the Gulf of Mexico in April caused the U.S.'s worst-ever oil spill and hurt prospects for deepwater drilling worldwide. (Reporting by Wojciech Moskwa; editing by James Jukwey)

0 comments:

Post a Comment