SDRL - Seadrill orders two new jack-ups in China for delivery in 2012 and 2013

SDRL - Seadrill orders two new jack-ups in China for delivery in 2012 and 2013

ID: 48782

(Thomson Reuters ONE) -


Hamilton, Bermuda, November 15, 2010 - Seadrill has entered into an agreement
for the construction of two jack-up drilling rigs with Dalian Shipbuilding
Industry Offshore Co., Ltd (DSIC) in China. The new units are scheduled for
delivery in the fourth quarter 2012 and first quarter 2013 respectively, and
total project cost is estimated at US$380 million, which include project
management, drilling and handling tools, spares and capitalized interest.

In addition, Seadrill has option agreements for construction of further two
similar units with DSIC.

The two rigs ordered from Dalian represent the latest generation, high
specification jack-up drilling rigs with greater capacities and capabilities
than current more conventional units. The units are based on the Friede &
Goldman JU2000E design, and are suitable for operations world wide, including
the southern North Sea. The units have the capability to operate in water depths
up to 400 ft and drill to depths of 30,000ft. They also offer improved drilling
efficiencies with off-line pipe handling, simultaneous operations support and
increased accommodation capacity.

Alf C Thorkildsen, Chief Executive Officer in Seadrill Management AS, says," We
expect market and conditions for premium jack-up rigs to continue to improve.
These newbuild orders position our Company to meet the demand from our customers
and further strengthen our position as the leading operator of modern, high
quality offshore drilling units. Our jack-up rig fleet will, including the
recent acquisition of Scorpion and the two recently ordered rigs from Jurong,
constitutes the world largest modern jack-up fleet with a total of 18 units
built after 2006."



Contact:
Esa Ikãheimonen
CFO
Seadrill Management AS
+47 51 30 99 19


This information is subject of the disclosure requirements acc. to §5-12 vphl




(Norwegian Securities Trading Act)


[HUG#1462616]








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(i) the releases contained herein are protected by copyright and
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originality of the information contained therein.

Source: Seadrill Limited via Thomson Reuters ONE


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Datum: 15.11.2010 - 14:43 Uhr
Sprache: Deutsch
News-ID 48782
Anzahl Zeichen: 2699

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Business News



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