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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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Heavy Construction Vessel to join Subsea 7 fleet

New build Heavy Construction Vessel to join Subsea 7 fleet Subsea 7 S.A. today announced that it has signed a contract to build a new heavy construction vessel which will be delivered in 2016. The new vessel will be one of the most capable heavy construction vessels in Subsea 7’s fleet of over 40 ships. […]

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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 receives term extension for semi-submersible West Leo

Tullow plc has exercised its contractual option to extend the contract for the ultra-deepwater semi-submersible rig West Leo by two years from May 2016 to May 2018. The West Leo is expected to carry out operations in West Africa until the end of its contract in May 2018. The potential contract revenue for the extension […]