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Sevan Driller Has Completed Drilling

Sevan Driller has completed drilling on its present location. Upon unlatching the blow-out preventer (“BOP”) a small flow of mud from the well was observed by the remote operating vehicle. The small flow caused by a leak in the casing packoff did not cause any damage to rig personnel, equipment or environment, and the BOP […]

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Seadrill Signs Contract for the Newbuild Drillship West Neptune

Seadrill Secures a three-year Contract for the Ultra-deepwater Newbuild West Neptune Seadrill has signed a contract with LLOG Bluewater Holdings, LLC, for employment of the new-build drill-ship, West Neptune, offshore Gulf of Mexico. The contract duration is a minimum of three years plus an option for a one-year extension at mutually agreed rates. The potential […]

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Seadrill Operational Update Fourth Quarter 2012

In the third quarter financial report Seadrill estimated the downtime for the deepwater rigs in operation to be 41 days for the fourth quarter. After closing the quarter revised estimates show downtime has increasing to approximately 100, days, mainly due to BOP issues on several of the Company’s rigs.  In line with what the Company […]