Statoil’s Cat J jackup rig was specifically designed to leverage a maturing Norwegian Continental Shelf.
The Cat J is optimised for both shallow waters and harsh environments, performs 20% more cost efficient production drilling and reduces yard delivery costs by 10%.
Once built, Statoil will promote ownership of the rigs with long term work programmes.
The firm said “licences financial commitment is a key to ensure enough fit for purpose rigs on NCS in a challenging market”, helping endure predictability for both contractors and operators.
Watch it take shape.