A North Sea company has signed a £290 million contract for a new drilling rig which could extend the life of its oil fields until 2030.
A North Sea company has signed a £290 million contract for a new drilling rig which could extend the life of its oil fields until 2030.
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Transocean will provide and operate the rig for Talisman Sinopec Energy as part of its overall £1.6 billion Montrose Area Redevelopment (MAR) plan.
Part of the redevelopment involves the Montrose oil platform, one of the oldest rigs in Scotland which was installed in 1976. Transocean's moveable rig, Sedco 712, will move alongside the existing platform to drill in established fields and two undeveloped fields, Cayley and Shaw.
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