SDRL - Seadrill and SapuraKencana announce US$2.7 billion Petrobras contract

SDRL - Seadrill and SapuraKencana announce US$2.7 billion Petrobras contract

ID: 274360

(Thomson Reuters ONE) -


Hamilton, Bermuda, June 28, 2013 - Seadrill Limited ("Seadrill") and
SapuraKencana Petroleum Berhad ("SapuraKencana") today announce that their
jointly owned entity, Sapura Navegação Marítima S.A., Brazil ("SNM") has been
awarded a contract from Petróleo Brasileiro S.A. ("Petrobras") to charter and
operate three Pipe Laying Support Vessels ("PLSV's").  The contract is for a
period of eight years with an extension option for an additional eight years and
is expected to commence by the second quarter of 2016.  Total revenue potential
for the contract is expected to be US$2.7 billion.

The three vessels will be constructed in Holland with IHC Caland and will have
the same specifications as SNM's existing orders with the yard.  Total newbuild
cost will be approximately US$800mm.

John Fredricksen, Chairman of Seadrill Limited says, "Seadrill, along with
SapuraKencana, continues to support the strategic investment in SNM.  The
additional vessels bring the total PLSV fleet in the region to 6 units and
builds capacity in order to insure that Petrobras has best in class support for
their operations.  This long term agreement demonstrates SNM's strong
relationship with Petrobras and their industry leading operational performance."


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




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Bereitgestellt von Benutzer: hugin
Datum: 28.06.2013 - 14:45 Uhr
Sprache: Deutsch
News-ID 274360
Anzahl Zeichen: 2104

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