SDRL - Seadrill acquires the ultra-deepwater semi-submersible rig Songa Eclipse
(Thomson Reuters ONE) -
Hamilton, Bermuda, November 16, 2012 - A subsidiary of Seadrill has entered into
an agreement with Songa Offshore to acquire the ultra-deepwater semi-submersible
rig Songa Eclipse for a consideration of US$590 million. The rig was delivered
from the Jurong Shipyard in Singapore in 2011, and is currently operating for
Total offshore Angola on a fixed contract ending in December 2013. In addition
Total has three one-year options to further extend the contract. Seadrill
intends to take delivery of the rig during December 2012 after which it will
have an immediate impact on Seadrill's cash flow and financial results.
Fredrik Halvorsen, Chief Executive Officer of Seadrill Management AS says, "This
investment is in line with our strategy of building a modern fleet through
selective acquisitions and organic growth. The ultra-deepwater market is in a
strong cycle, something we expect to prevail over the coming years and the
acquisition increases our exposure to this segment. Furthermore, we are pleased
to strengthen our relationship with Total in Angola, and increase our presence
in the region, which adds scale to our operations and could further reduce our
relative cost base in the region."
Songa Eclipse is of the same design, Friede & Goldman ExD millenium, as four of
Seadrill's existing rigs in operation, West Sirius, West Taurus, West Orion and
West Capricorn. The rig is dynamically positioned (DP 2 class certification) and
equipped with Aker Solutions drilling equipment and have water depth capability
up to 10,000ft and drilling depth capacity of up to 37,500ft. The subsea well
control system includes a six-ram 15K psi BOP stack.
Media contact
Rune Magnus Lundetræ
Chief Financial Officer
Seadrill Management AS
+47 51 30 91 26
Analyst contact
Ragnvald Kavli
Investor Relations Manager
Seadrill Management AS
+47 51 30 96 27
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
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originality of the information contained therein.
Source: Seadrill Limited via Thomson Reuters ONE
[HUG#1658740]
Unternehmensinformation / Kurzprofil:
Datum: 16.11.2012 - 12:31 Uhr
Sprache: Deutsch
News-ID 204611
Anzahl Zeichen: 2796
contact information:
Town:
Hamilton
Kategorie:
Business News
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