SDRL - Seadrill Secures Contract for Jack-up Rig West Freedom
HAMILTON, BERMUDA -- (Marketwired) -- 07/11/13 -- Seadrill Limited
("Seadrill") has secured a
new contract for the LT-Super 116E jack-up
rig West Freedom offshore Venezuela
with Cardon IV Venezuela, an ENI
SpA and REPSOL joint venture. The contract is for a firm period of
30 months plus an option for a 6 month extension at mutually agreed
rates. The potential revenue for the primary contract term
approximately US$222 million inclusive of an estimated $8.5
million of mobilization. The West Freedom is currently operating in
Qatar and will likely
be available to commence its charter in late
This information is subject of the disclosure requirements pursuant
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Seadrill Limited via Thomson Reuters ONE
+47 51 30 99 00
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