SDRL - Seadrill secures new contract for the jack-up rig West Callisto
(Thomson Reuters ONE) -
Hamilton, Bermuda, March 12, 2012 - Seadrill has signed a contract with Saudi
Aramco for employment of the jack-up rig West Callisto offshore Saudi Arabia.
The contract duration is a minimum of three years plus an option for a one year
extension. The potential revenue for the three year period is approximately
US$164 million plus a US$20 million mobilization fee to cover various upgrades,
dry tow vessel expenses and dayrate in the mobilization period. The West
Callisto is currently operating in Southeast Asia and is scheduled to finalize
its existing work scope in August 2012. The unit will subsequently commence its
transit to the Middle East and is scheduled to start operations for Saudi Aramco
in September 2012.
Alf C Thorkildsen, CEO in Seadrill Management AS, says in a comment, "We are
delighted to have signed our first contract with Saudi Aramco for operation in
Saudi Arabia. This award complements our growing jack-up operations in the
region which will increase from two to five units this year. We continue to see
a strong demand for premium jack-up rigs and expect to improve our earnings
visibility for this asset class going forward."
Analyst contact
Jim Dåtland
VP Investor Relation
Seadrill Management AS
+47 51 30 99 19
Media contact
Esa Ikäheimonen
Chief Financial Officer
Seadrill Management AS
+47 51 30 99 19
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Seadrill Limited via Thomson Reuters ONE
[HUG#1593095]
Unternehmensinformation / Kurzprofil:
Datum: 12.03.2012 - 08:25 Uhr
Sprache: Deutsch
News-ID 123593
Anzahl Zeichen: 2243
contact information:
Town:
Hamilton
Kategorie:
Business News
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