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

  • 22 August 2014

    Ryan Directional Services inks deal to deploy Alcoa pipe in North American shales

    Ryan Directional Services, a division of Nabors, has selected Alcoa’s FarReach alloy drill pipe for its onshore horizontal-drilling applications…

  • 18 August 2014

    Repsol runs BlueDock connectors in Trinidad and Tobago

    Repsol has recently run BlueDock connectors with elastomeric seals in Trinidad and Tobago. The operation took place in the Arima 2 well on a jackup platform...

  • 15 August 2014

    Joe Hurt to retire from IADC

    After more than 14 years with IADC and a career spanning 42 years, Joe Hurt, Vice President of IADC’s Onshore Division, will retire at the end of August. Mr Hurt began his career in 1974 with Noble Corp, working on land drilling rigs...

  • 13 August 2014

    OneSubsea, Helix and Schlumberger to form subsea well intervention alliance

    OneSubsea, Helix Energy Solutions Group and Schlumberger have entered into a letter of intent to form an alliance to develop technologies and deliver...

  • 12 August 2014

    Noble Energy, Woodside Petroleum sign PSC for exploration offshore Gabon

    Noble Energy has signed a production-sharing contract (PSC) with Gabon government, covering Block F15 in the Gabon Coastal Basin. Under the terms...

  • Read more news