SDRL - Seadrill to acquire the jack-up rig Petrojack IV
(Thomson Reuters ONE) -
Hamilton, Bermuda, November 30, 2010 - Seadrill has today acquired the jack-up
drilling rig Petrojack IV from Petrojack IV Pte. Ltd., Singapore.
 Petrojack IV was delivered from Jurong Shipyard, Singapore in January 2009 and
is currently operating for PTTEP offshore Thailand under a long-term contract.
Remaining contract period is 3.5 years, lasting until end second quarter 2014.
The total purchase price for the rig is approximately US$180 million. The
contract value for the 3.5 year remaining assignment is approximately US$165
million
The Petrojack IV, to be renamed West Cressida, is an advanced, high
specification jack-up drilling unit. The rig is based on the Baker Marine
Pacific Class 375 design. The rig has the capability to operate in water depths
up to 375 ft and drill to depths of 30,000ft. The BMC Pacific Class design has
higher variable deck load and a higher operating efficiency compared to previous
jack-up generations, while the size of the unit creates additional efficiencies
within areas such as logistics, off-line pipe handling and simultaneous
operations support.
Alf C Thorkildsen, Chief Executive Officer of Seadrill Management AS says, "We
continue to be optimistic on the market outlook for premium jack-up rigs.
Petrojack IV increases our exposure to this segment and adds earnings growth and
visibility at an attractive price. The long-term contract on the rig also
provides a good basis for an attractive debt financing."
Analyst contact:
Jim DÃ¥tland
Vice President Investor Relations
Seadrill Management AS
+47 51 30 99 19
Media contact:
Esa Ikäheimonen
Chief Financial Officer
Seadrill Management AS
+47 51 30 99 19
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1466962]
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Source: Seadrill Limited via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 30.11.2010 - 11:03 Uhr
Sprache: Deutsch
News-ID 49249
Anzahl Zeichen: 2617
contact information:
Town:
Hamilton
Kategorie:
Business News
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