SDRL - Seadrill orders and secures a five-year contract for jack-up newbuild
(Thomson Reuters ONE) -
Hamilton, Bermuda, March 21, 2011 - Seadrill has entered into an agreement for
the construction of a new jack-up drilling rig with Jurong shipyard in
Singapore. The rig is scheduled to be completed at the end of the third quarter
2013 and total project price is estimated at US$530 million, which includes
project management, drilling and handling tools, spares and capitalized
interest.
The new jack-up drilling rig has been contracted to ConocoPhillips for a five-
year period on the Norwegian Continental Shelf. Estimated contract value is
approximately US$680 million (including mobilization) and contract commencement
is scheduled for the fourth quarter of 2013. The contract is subject to
Norwegian Government approval of the Plan for Development and Operations for
Ekofisk South and Eldfisk II.
The new rig will be based on the similar design and specification as Seadrill's
West Elara, the Gusto MSC CJ70 150A design. The jack-up is an advanced, ultra
large, harsh environment, high specification drilling unit, specifically built
to Norwegian requirements and matching the specification of the largest jack-up
drilling units in the world. The unit provides means to operate in water depth
up to 150 meters with a higher variable deck load and a higher operating
efficiency compared to previous jack-up generations, while the size of the unit
allows for additional opportunities within areas like well testing and early
production.
Alf C Thorkildsen, Chief Executive Officer in Seadrill Management AS says, "This
is Seadrill's first assignment for ConocoPhillips on the Norwegian Continental
Shelf, strengthening the industrial cooperation between the two companies. We
are pleased to introduce yet another new and advanced jack-up drilling unit into
the region, contributing to extending the life cycle of the Ekofisk field. This
newbuild is an important addition to our fleet of harsh environment drilling
units which will increase earnings and employment visibility of our operations
in this region."
Seadrill has committed to offer the drilling contract and the construction
contract at original terms to North Atlantic Drilling Ltd, which is a 75 percent
owned subsidiary of Seadrill.
Analyst contact:
Jim Dåtland
VP 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 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#1498490]
Unternehmensinformation / Kurzprofil:
Datum: 21.03.2011 - 10:04 Uhr
Sprache: Deutsch
News-ID 52608
Anzahl Zeichen: 3389
contact information:
Town:
Hamilton
Kategorie:
Business News
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