Seadrill secures contract for ultra-deepwater drillship in Nigeria

Posted on 11 August 2014

Seadrill Ltd, in cooperation with Field Offshore Design Engineering Nigeria Ltd, has secured a contract with Esso Exploration and Production Nigeria Ltd, an ExxonMobil subsidiary, for the newbuild West Saturn, in support of the ERHA North Phase 2 project in Nigeria.

The contract is for a firm period of two years plus a one-year option and has total revenue potential of approximately $497 million, inclusive of mobilization, for Seadrill and Field Offshore for the primary contract term.

The West Saturn is a sixth-generation, ultra-deepwater drillship, currently under construction at Samsung Heavy Industries in Geoje, South Korea, with expected delivery in September 2014 and marks the sixth Seadrill unit to commence operation in the last 12 months. The unit will initially be outfitted to work in up to 10,000 ft of water and is capable of handling two BOPs, operating in up to 12,000 ft of water and drilling depths up to 40,000 ft.

“The West Saturn is Seadrill’s third rig in Nigeria, working alongside the West Jupiter and West Capella,” Per Wullf, Seadrill CEO commented. “The expansion of our presence in Nigeria is a result of our best in class operating standards, employees and assets.”

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 24 October 2014

    GDF SUEZ, BP discover new Central North Sea Field

    “This is an encouraging exploration discovery in a part of the Central North Sea that needs additional volumes of hydrocarbons to open up development options…

  • 24 October 2014

    Chevron, BP discover oil in deepwater US Gulf of Mexico

    The discovery well, on Keathley Canyon Block 10, was drilled by operator Chevron on behalf of the Guadalupe co-owners. The well encountered significant oil pay…

  • 22 October 2014

    Shell discovers gas in pre-salt reservoir offshore Gabon

    Shell announced a frontier exploration discovery offshore Gabon, West Africa. The well Leopard-1 encountered a substantial gas column with around 200 m net gas pay…

  • 22 October 2014

    Statoil proves new oil resources near Grane field in North Sea

    Well 25/8-18 S, drilled by the rig Transocean Leader, proved an oil column of 25 m in the Heimdal Formation. The estimated volume of the discovery…

  • 21 October 2014

    IADC Cybersecurity Task Group to provide industry guidance to assess risks

    The oil and gas industry is not immune to cybersecurity threats, from computer viruses and malware to targeted attacks. The IADC Advanced Rig Technology (ART) Committee…

  • Read more news