SDRL - Seadrill Receives Notice of Contract Cancellation for the West Mira
(Thomson Reuters ONE) -
Hamilton, Bermuda, September 22, 2015 - Seadrill Limited ("Seadrill" or "The
Company""), has been notified by Husky Oil Operations Limited ("Husky") of the
cancellation of the drilling contract for the West Mira ("The Unit").
In the fourth quarter of 2012 Seadrill was awarded a 5 year contract for the
West Mira with Husky for operations in Canada and Greenland. The total estimated
base revenue potential was approximately $1 billion. As stated in the Company's
second quarter earnings report, due to the late delivery of the Unit, the
Company had tentatively agreed with Husky to reduce the dayrate on the West
Mira. The construction contract was subsequently cancelled by Seadrill due to
the Shipyard's inability to deliver the Unit within the timeframe required under
the contract.
Seadrill remains in discussions with Husky to find an alternative solution to
meet its drilling requirements.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1953620]
Unternehmensinformation / Kurzprofil:
Datum: 22.09.2015 - 06:10 Uhr
Sprache: Deutsch
News-ID 421616
Anzahl Zeichen: 1691
contact information:
Town:
Hamilton
Kategorie:
Business News
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"SDRL - Seadrill Receives Notice of Contract Cancellation for the West Mira"
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