Home / News / Petrobras awards 6-year contracts to Seadrill newbuild semis

Seadrill has secured an unconditional Letter of Award for contracts with a revenue potential of approximately US $4.1 billion over 18 rig years for three newbuild deepwater units with Petrobras. The West Eminence semisubmersible will be delivered in late 2008, and start-up of operations offshore Brazil is scheduled for Q1 2009. Contract duration is six years. The West Taurus semi is scheduled to be delivered during Q4 2008, and start-up of operations offshore Brazil is scheduled for Q1 2009. Contract duration is six years. The West Orion semi is scheduled to be delivered during Q2 2010, and start-up of operations offshore Brazil is scheduled for Q3 2010. Contract duration is six years.

Petrobras awards 6-year contracts to Seadrill newbuild semis

“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

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>