Seadrill orders two high-spec jackups for delivery in 2015 and 2016

Posted on 20 June 2013

Seadrill Limited has entered into contracts for the construction of two high-specification jackups at Dalian Shipbuilding Industry Offshore (DSIC Offshore) in China. The newbuild rigs are scheduled for delivery during Q4 2015 and Q1 2016. The total project price per rig is approximately US $230 million, including project management, capitalized interest, drilling and handling tools, spares and operation preparations, with tail-heavy payment terms.

The two new units will be based on the F&G JU2000E design, with water depth capacity of 400 ft and drilling depth of 30,000 ft. Seadrill now has eight jackups in total under construction at DSIC Offshore of which two are scheduled for delivery in 2013, five in 2015 and one in 2016.

“These two additional orders highlight our commitment to growing our high-specification jackup fleet.  The jackup market has traditionally been a shorter-term market; however, we expect longer-term contracts to be executed going forward.  In addition to increased terms, we expect to see rising dayrates as attrition accelerates amongst an aging global fleet,” Fredrik Halvorsen, CEO of Seadrill Management, said. “These two new orders will increase Seadrill’s jackup fleet to 29 units and strengthen our position as the largest operator of modern high specification drilling units.”

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 11 September 2014

    Cameron elects Scott Rowe as President and COO

    Scott Rowe will assume the newly created position of President and COO of Cameron, effective 1 October 2014. In his new role, he will report directly to Jack Moore, Chairman and CEO of the company...

  • 11 September 2014

    Statoil, GE and Ferus Natural Gas Fuels expand flare gas solution in Bakken

    A joint venture of GE and Ferus Natural Gas Fuels (Ferus NGF), along with Statoil plan to expand a pilot project to capture flare gas and use it to power up to six...

  • 10 September 2014

    6 elements of successful collaboration among NOCs, IOCs, service companies

    The oil and gas landscape is shifting, with the continuing growth of NOCs and the industry going toward unconventional resources and new frontiers…

  • 09 September 2014

    PTTEP: NOCs, IOCs and service companies must combine strengths to overcome challenges

    As assets become more mature and operations become more complex, industry is challenged with finding economical and environmentally friendly operating strategies...

  • 09 September 2014

    Revitalized IADC Southeast Asia Chapter unites companies to address regional issues

    The IADC Southeast Asia Chapter hosted its first meeting on 24 August after being dormant for more than five years. The need to address regional issues as a cohesive group…

  • Read more news