CATEGORIZED | News

Petrobras awards 6-year contracts to Seadrill newbuild semis

Posted on 02 May 2008

“This is one of the most important assignments ever awarded to Seadrill and will increase our contract backlog to more than US$12 billion,” said Kjell E Jacobsen, Seadrill CEO.

Separately, ExxonMobil has exercised the option to extend the contract for Seadrill’s West Aquarius from three years to four years. Estimated contract value for the full four-year period is approximately US$750 million. In addition, ExxonMobil has awarded Seadrill one additional year to the existing three-year term for West Polaris.

The West Polaris and West Aquarius are both under construction in South Korea.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 27 March 2015

    Gravity-deployed carbon composite cable completes first commercial deployment offshore Norway

    Ziebel, a Stavanger-based provider of specialist well intervention services for the oil and gas industry, announced that its Z-Line gravity-deployed...

  • 27 March 2015

    Petronas’ INSTEP training institute plans improvements for integrated, experiential learning

    Institut Teknologi PETRONAS (INSTEP) takes realism seriously when it comes to experiential learning – seriously enough to be planning...

  • 26 March 2015

    Wood Mackenzie: Falling costs to soften blow of slashed exploration budgets

    Exploration budget cuts in 2015 will average 30%, but that will be matched by an approximately equal fall in exploration costs...

  • 25 March 2015

    C&J Energy Services merges with Nabors’ completion/production services

    C&J Energy Services, (C&J) and Nabors Industries (Nabors) announced the completion of the combination of C&J with Nabors’ completion...

  • 25 March 2015

    Douglas-Westwood: Oilfield services expenditure to decline by 30% in 2015

    Global oilfield services (OFS) markets are facing difficult headwinds as a function of commodity prices...

  • Read more news