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

  • 18 September 2014

    Keithville Well Drilling to deploy new Schramm rig to Haynesville

    Keithville Well Drilling, a Louisiana-based drilling company, has purchased and accepted delivery of the Schramm T250XD, a land-based rig designed for shale drilling...

  • 18 September 2014

    Wild Well launches Singapore-based capping stack

    Wild Well Control, a Superior Energy Services company, has unveiled its new subsea capping stack, located in Singapore. It is part of Wild Well’s comprehensive emergency...

  • 15 September 2014

    US Treasury announces expanded sanctions with Russian companies

    US Treasury Secretary Jacob J. Lew has announced that persons operating within Russia’s defense and related materiel sector may now be subject to targeted sanctions…

  • 11 September 2014

    Cameron elects Scott Rowe as President and COO

    Scott Rowe will assume the newly created position of President and COO of Cameron, effective 1 October 2014. In his new role, he will report directly to Jack Moore, Chairman and CEO of the company...

  • 11 September 2014

    Statoil, GE and Ferus Natural Gas Fuels expand flare gas solution in Bakken

    A joint venture of GE and Ferus Natural Gas Fuels (Ferus NGF), along with Statoil plan to expand a pilot project to capture flare gas and use it to power up to six...

  • Read more news