SDRL - Seadrill secures commitment for newbuild ultra-deepwater unit West Tellus
(Thomson Reuters ONE) -
Hamilton, Bermuda, July 19, 2013 - Seadrill Limited ("Seadrill") has signed a
contract with Chevron China Energy Company for the newbuild ultra-deepwater
drillship West Tellus in support of Chevron's affiliated global exploration
program. The contract commences in China immediately upon shipyard delivery and
thereafter relocates to Liberia. The agreement is for a period of 180 days with
revenue potential of approximately US$150 million inclusive of bonus potential
and mobilization.
Additionally, Seadrill is currently engaged in advanced discussions with a major
oil company for a multi-year contract commencing in direct continuation of the
Chevron contract.
The West Tellus is a 6th generation drillship currently under construction for
Seadrill at Samsung Heavy Industries shipyard in Geoje, South Korea, with
expected delivery in September 2013. The rig will be outfitted to work in up to
10,000' of water and is capable of water depths up to 12,000' and drilling
depths up to 37,000'.
Per Wullf, CEO and President of Seadrill Management Ltd. says in a comment, "The
multi jurisdiction contract for West Tellus demonstrates our willingness and
ability to contract opportunistically and strategically when it is justified.
The initial contract on West Tellus allows us to expand a long standing
relationship with a key customer in the ultra-deepwater segment while also
providing Seadrill the opportunity to place the West Tellus in West Africa,
ready for a follow on contract."
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#1717669]
Unternehmensinformation / Kurzprofil:
Datum: 19.07.2013 - 16:04 Uhr
Sprache: Deutsch
News-ID 280132
Anzahl Zeichen: 2349
contact information:
Town:
Hamilton
Kategorie:
Business News
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