Seadrill secures $4 billion commitment on three ultra-deepwater units

Posted on 26 July 2012

Seadrill has received a commitment from a major oil company for contracts on ultra-deepwater newbuild drillships West Auriga, West Vela and a third unit currently in operation, to be named later. The combined three-rig package involves 19 rig years and a potential contract value of $4 billion, including mobilization fees.

West Auriga and West Vela are under construction at Samsung Heavy Industries shipyard in South Korea. The newbuilds will mobilize to the Gulf of Mexico upon delivery, which is scheduled for late February 2013 and May 2013. Start-up of operations are scheduled for September and December of the same year. The West Auriga and West Vela will be the fourth and fifth drillships delivered to Seadrill by Samsung within the past five years. Each rig will be equipped with 1,250-ton load capacity, an active heave compensated subsea construction crane and two 7-ram blowout preventers.

“The breadth and depth of this commitment from a major oil company is the result of our track record of delivering rigs on time, operating with a competent work force and having the availability of a modern fleet,” Alf C Thorkildsen, CEO of Seadrill, said. “We are excited about the opportunity to further grow our fleet and operations in the US Gulf of Mexico, which we consider as one of the most cost effective drilling regions.”

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 23 July 2014

    Halliburton promotes Jeff Miller to President

    Halliburton has promoted Jeff Miller to President and has appointed him to the Halliburton Board of Directors effective 1 August 2014. Mr Miller is currently the...

  • 23 July 2014

    Statoil resumes production on Njord A platform

    Statoil has resumed oil and gas production on the Njord A platform in the Norwegian Sea, after a major reinforcement of the platform structure. Production had been shut down...

  • 22 July 2014

    Petrobras’ domestic oil production tops 2 million bbl/day in June

    Petrobras’ June oil production in Brazil averaged 2 million bbl/day (bpd), a 1.7% increase from May’s production of 1.9 million bpd. In addition, the production operated...

  • 22 July 2014

    Precision, Schlumberger partner to boost industrialization of North American unconventional drilling

    Precision Drilling has entered into a strategic technology and service agreement and marketing alliance with Schlumberger. Utilizing Precision’s Tier 1 drilling rigs and...

  • 22 July 2014

    Easternwell to manage delivery of onshore servicing rig for Brunei

    Australia’s Easternwell, a subsidiary of Transfield Services, has expanded internationally through an agreement with Flux O.S. SDN BHD (Flux), a Bruneian oil and gas company...

  • Read more news