Transocean Norway Operations AS with the drilling rig Transocean Arctic is awarded the contract to drill production wells at the Dvalin field in the Norwegian Sea.

Drilling of the four production wells will start mid-2019 and the operation is planned to last 340 days. The contract value is 68 million US Dollars. The agreement also opens up for using the rig for additional wells.

“Drilling the production wells will be an important step towards production start of the Dvalin field in autumn 2020. DEA is very satisfied with having Transocean on board for the drilling operations,” says Hans-Hermann Andreae, Managing Director of DEA Norge.

The Dvalin field is the first operated field development project for DEA Deutsche Erdoel AG in Norway.

About the Dvalin field

The Dvalin field is located in PL435, blocks 6507/7/9 and 6507/8 in the Norwegian Sea, approximately 15 kilometres north west of Heidrun and 290 kilometres from Nyhamna in Mid-Norway. Recoverable resources are 18.2 billion standard cubic meters of natural gas.
Dvalin will be developed with a four wells subsea template, which is tied back to the Heidrun platform. At Heidrun, the gas will be partly processed in a new module, before the gas is transported via the new Polarled pipeline, going to the Nyhamna onshore gas terminal. At Nyhamna, the gas will be processed and transported to the European market.
DEA Norge is operator of licence PL435 with a 55% share. Partners are Petoro (35%) and Edison (10%).

About DEA Norge

DEA Norge has a solid and promising licence portfolio with assets in all major phases in the North Sea, the Norwegian Sea as well as in the Barents Sea. DEA operates the Dvalin development, is partner in 11 producing fields as well as in promising discoveries, like Alta, Snadd, Bauge or Skarfjell. Furthermore, DEA holds interests in attractive exploration licences as operator and partner on the NCS. DEA has been present in Norway via its subsidiary DEA Norge for more than 40 years.

About DEA Deutsche Erdoel AG

DEA Deutsche Erdoel AG is an international operator in the field of exploration and production of crude oil and natural gas based in Hamburg. Its focus is on safe, sustainable and environmental conscious exploitation of oil and gas. DEA has 118 years of experience working along the whole upstream value-chain as operator or project partner. With a staff force of 1,150 employees DEA has shares in production facilities and concessions in, among others, Germany, Norway, Denmark, Egypt, Algeria and Mexico.

About Transocean

Transocean (NYSE:RIG) is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services, and believes that it operates one of the most versatile offshore drilling fleets in the world.

Transocean owns or has partial ownership interests in, and operates a fleet of 38 mobile offshore drilling units consisting of 25 ultra-deepwater floaters, seven harsh environment floaters, two deepwater floaters and four midwater floaters. In addition, Transocean has four ultra-deepwater drillships under construction or under contract to be constructed. The company also operates two high-specification jackups that were under drilling contracts when the rigs were sold, and the company continues to operate these jackups until completion or novation of the drilling contracts.