Seadrill secures contract for jackup West Freedom

Posted on 11 July 2013

Seadrill has secured a new contract for the West Freedom, an LT-Super 116E jackup, offshore Venezuela with Cardon IV Venezuela, an ENI SpA and REPSOL joint venture.  The contract is for a firm period of 30 months plus an option for a six-month extension at mutually agreed rates.

The potential revenue for the primary contract term is approximately US$222 million inclusive of an estimated $8.5 million of mobilization.

The West Freedom is currently operating in Qatar and will likely be available to commence its charter in late September 2013.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 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...

  • 25 March 2015

    IOGP-sponsored human factors survey seeks participants online

    The International Association of Oil & Gas Producers (IOGP) is sponsoring a survey to assess the current extent and use of non-technical skills behaviors in well operations...

  • 19 March 2015

    Statoil, Halliburton establish Fast Track process to economically develop smaller North Sea fields

    To economically develop smaller fields in the North Sea, Statoil and Halliburton initiated the Fast Track project that aimed...

  • Read more news