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

  • 22 April 2015

    Transocean appoints Jeremy D. Thigpen as President & CEO

    Transocean has announced that Jeremy D. Thigpen has been named President and Chief Executive Officer effective 22 April 2015. Mr Thigpen succeeds Ian C. Strachan, Interim...

  • 22 April 2015

    Noted broadcast journalist Eithne Treanor to MC IADC World Drilling 2015, Rome, 17-18 June

    IADC is pleased to announce that noted industry broadcast journalist and professional moderator Eithne Treanor will serve as master of ceremonies...

  • 22 April 2015

    UBO & MPD Committee drives safe practices, while survey indicates industry moving toward acceptance

    The IADC Underbalanced Operations & Managed Pressure Drilling Committee continues to drive safe practices...

  • 22 April 2015

    Video: Schlumberger’s At Balance brand aims to make MPD more accessible

    Schlumberger recently brought back the At Balance brand as a family of product and services offering at the 2015 IADC/SPE Managed Pressure Drilling and Underbalanced...

  • 21 April 2015

    Petrobras’ first MPD operation aboard a DP rig succeeds

    Petrobras’ first use of MPD aboard a dynamically positioned rig proved successful and kept NPT to less then 3%, according to a paper presented at the 2015 IADC/SPE...

  • Read more news