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Seadrill Orders Two Jack-ups for Delivery in 2016

Seadrill Limited has entered into new contracts for the construction of two high specification jack-up drilling rigs at Dalian Shipbuilding Industry Offshore Co., Ltd. in China. The newbuild rigs are scheduled for delivery during the second and third quarters of 2016, and the total project price per rig is approximately US$230 million (including project management, […]

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Seadrill appoints Per Wullf as new CEO

Per Wullf to succeed Fredrik Halvorsen as Chief Executive Officer. The Board of Seadrill has today announced that Per Wullf will succeed Fredrik Halvorsen as Chief Executive Officer of Seadrill Management Limited. Mr. Halvorsen has decided to leave Seadrill to join Ubon Partners, a technology venture. More: Have you not booked your cheapest Cruise trip […]

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Seadrill secures commitment for West Tellus

Seadrill secures commitment for newbuild ultra-deepwater unit West Tellus Seadrill Limited has signed a contract with Chevron China Energy Company for the newbuild ultra-deepwater drillship West Tellus in support of Chevron’s affiliated global exploration program. The contract commences in China immediately upon shipyard delivery and thereafter relocates to Liberia. The agreement is for a period […]

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Seadrill Orders Ultra-Deepwater Drillships for Delivery in 2015

Seadrill Limited has entered into turnkey contracts to build four new ultra-deepwater drillships. Two drillships will be built at the DSME yard and the other two at the Samsung yard, in South Korea. The project value price is estimated to be below US$600 million per unit (including project management, drilling and handling tools, spares, capitalized […]

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Seadrill orders two jack-ups for delivery in 2015-16

Seadrill orders two jack-ups for delivery in 2015-2016 Seadrill Limited has entered into new contracts for the construction of two high specification jack-up drilling rigs at Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) in China. The newbuild rigs are scheduled for delivery during the fourth quarter of 2015 and the first quarter of 2016, […]

Seadrill Sells Tender Rig T15 to Seadrill Partners

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Seadrill Sells Tender Rig T15 to Seadrill Partners

Seadrill Limited has today entered into an agreement to sell the companies that own and operate the tender rig T15 to Seadrill Partners LLC for a total consideration of US$210 million, less approximately US$100 million of debt outstanding under the credit facility secured by the T15. The balance of the acquisition price will be financed […]

Seadrill completes the integration of the tender rig business into SapuraKencana

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Seadrill completes the integration of the tender rig business into SapuraKencana

Seadrill and SapuraKencana have today completed the previously announced transaction pursuant to the conditional SPA. The agreed upon acquisition price is for an enterprise value of US$2.9 billion, which includes cash, SapuraKencana shares, all debt in the tender rig business, and Seadrill’s future capital commitments for newbuilds. More: Have you not booked your cheapest Cruise […]

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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 and SapuraKencana Complete US$2.9 billion Sale Agreement

Seadrill and SapuraKencana have today entered into a conditional sale and purchase agreement in relation to the proposed transaction. SapuraKencana will acquire all the tender rigs in Seadrill’s fleet except for the West Vencedor, T15, and T16. These three rigs are either owned or planned to be owned by Seadrill Partners LLC. Seadrill will in […]

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Seadrill Orders Two Jack-ups for Delivery in 2015

Seadrill has entered into an agreement for the construction of two high specification jack-up drilling rigs with Dalian Shipbuilding Industry Offshore Inc. (DSIC Offshore) in China. The new units are scheduled for delivery during the first and second quarter 2015, and the estimated total project price is approximately US$230 million (including project management, capitalized interest, […]