SDRL - Seadrill orders new ultra-deepwater drillship for delivery in 2013
(Thomson Reuters ONE) -
Hamilton, Bermuda, April 11, 2011 - Seadrill has exercised an option to build a
new ultra-deepwater dual derrick drillship at the Samsung yard in South Korea.
Total project price is estimated at US$600 million (includes project management,
drilling and handling tools, spares, capitalized interest and operations
preparations). The delivery is scheduled for the third quarter 2013.
The new unit is similar to the two drillships Seadrill ordered from Samsung in
November 2010 with enhanced water depth capacity, technical capabilities as well
as increased accommodation capacity compared to previous generation drillships.
The dynamic positioning drillship, will be capable of operations in water depths
up to 12,000 feet, and will have a hook load capability of 1,250 tons. This rig
is also outfitted with seven ram configuration of the BOP (Blow Out Preventer)
stack, especially targeting operations in challenging areas such as the Gulf of
Mexico, Brazil and West Africa. Furthermore, the drillship will be equipped with
a 165 ton capacity heave compensated crane enhancing the unit's operational
flexibility and facilitating lifts on the seabed in water depths up to 3,000
meters.
Seadrill has simultaneously secured an extension of the maturity date for a
further option agreement to build its seventh drillship to be delivered from
Samsung since 2008. Seadrill has currently no specific plan to exercise this
option, but might consider it if the strong underlying trend currently seen in
the deep water market continues.
Alf C Thorkildsen, Chief Executive Officer of Seadrill Management AS, says: "The
decision to add another ultra-deepwater newbuild to our modern fleet is based on
the recent improvement in market outlook for ultra-deepwater units, with
significantly more tender activities. The new drillship has an attractive
delivery window, a favorable construction price and payment schedule and an
equipment specification list that will meet our customers' future needs. We have
had excellent experience with the Samsung yard and this design and are confident
that the unit will be delivered on time and budget once again."
"The strengthening of Seadrill's equity basis through the recently announced
bond conversion creates financial flexibility for growing the company further
without raising additional equity. The current long-term dayrates give a healthy
return on the investment, with further upside if the market strengthens as a
result of the strong trend in the oil price. The project will based on current
dayrates and anticipated financing increase Seadrill's dividend capacity going
forward. The ordering of the new drillship further confirms Seadrill's
commitment to remain a growth company, with the target of reaching US$3 billion
in EBITDA in the coming years."
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
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Source: Seadrill Limited via Thomson Reuters ONE
[HUG#1505170]
Unternehmensinformation / Kurzprofil:
Datum: 11.04.2011 - 13:38 Uhr
Sprache: Deutsch
News-ID 53373
Anzahl Zeichen: 4055
contact information:
Town:
Hamilton
Kategorie:
Business News
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