BP Plc (NYSE:BP) has signed a two-year deal with Angola worth $340 million.
The oil giant will pay for a deepwater oil rig with that money, according to Odfjell Drilling, a Norwegian rig owner.
Odjfell's Deepsea Stavanger rig can drill at depths of up to 3,000 metres, and is reportedly ready to begin by the first half of next year.
BP has an additional three one-year options on the rig if it chooses to exercise them.
Drilling will be in Block 18 off the coast of Angola.
Showing posts with label Angola. Show all posts
Showing posts with label Angola. Show all posts
Monday, October 25, 2010
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