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BUSINESS NEWS

 
     
 

Seadrill secures jack-up rig contracts

Posted: 6 February 2012

Seadrill has secured new contracts for the three jack-up rigs Offshore Mischief, Offshore Defender, and West Leda.

The aggregated revenue potential is estimated at US$311 million inclusive of mobilization fees and assignment specific rig modifications.

Offshore Mischief has been awarded contract by Equion Energia Limited in Colombia. The assignment is for a firm period of 180 days with commencement of operations scheduled for late first quarter 2012 in direct continuation of the rig's existing contract.

The estimated revenue potential is USD$33.2 million for the firm 180-day period inclusive of US$1.7 million in mobilization and demobilization fees.

West Leda has been, in association with our local partner IPS, awarded a contract by ExxonMobil E&P Malaysia Inc. for development drilling offshore Malaysia. The assignment is for a firm eighteen-month period. The contract is expected to commence late March 2012 in direct continuation from its current contract. The estimated revenue potential is approximately US$75.5 million inclusive of a US$1.8 million mobilization fee.

Offshore Defender has been awarded a contract by Brunei Shell Petroleum Company Sdn Bhd for drilling offshore Negara Brunei Darussalam. The four-year contract is expected to commence in the second quarter of 2012. The estimated revenue potential is approximately US$202.5 million inclusive of US$9.0 million in mobilization fees and assignment specific rig modifications. The rig is currently operating in Brazil.

 

     

 

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