SDRL - Seadrill announces settlement agreement and 18 month extension for semi-submersible West Aquarius
(Thomson Reuters ONE) -
Hamilton, Bermuda, October 10, 2013 - Seadrill Limited announces today that its
subsidiary, Seadrill Partners, as part of a settlement agreement has agreed to
non-payment for 37 days during the recent mobilization period as a result of the
time required for the ultra-deepwater harsh environment semi-submersible West
Aquarius to complete modifications and repairs in order to meet the regulatory
requirements for operations in Canadian waters and for the operator to receive
authorization from the Canadian authorities to commence operation. This loss
will negatively impact third quarter results.
In conjunction, it is negotiating an 18 month contract extension thereby
extending the operations for the rig off the east coast of Canada until April
2017. The new contract, which will be subject to required approvals by the
joint interest owners, is expected to be executed by November 30, 2013.
The total revenue potential for the extension is estimated to be
approximately US$337 million.
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#1734929]
Unternehmensinformation / Kurzprofil:
Datum: 10.10.2013 - 21:43 Uhr
Sprache: Deutsch
News-ID 305000
Anzahl Zeichen: 1831
contact information:
Town:
Hamilton
Kategorie:
Business News
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"SDRL - Seadrill announces settlement agreement and 18 month extension for semi-submersible West Aquarius"
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