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Seadrill secures letter of award for newbuild deepwater unit


Published Feb 15, 2010
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Seadrill secures new contract for West Hercules-Spotlight

Seadrill has received a letter of award from an international E&P operator for the ultra-deepwater drillship West Gemini under construction.

The letter of award represents a two-year contract with an estimated contract value of approximately US$345 million, including mobilization fee.

Furthermore, the operator has the right to extend the contract for an additional year at a similar dayrate.

West Gemini is expected to be completed early July 2010 and will subsequently relocate from Korea to West Africa to commence operations under the two-year contract.

Tags: Seadrill



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