SDRL - Seadrill orders two jack-ups for delivery in 2015
March 5, 2013 - HAMILTON, BERMUDA
Seadrill has exercised fixed priceoptionsfor the construction of two high specification jack-up drilling rigs atDalianShipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) in China. The rigsarescheduled for delivery during the third and fourth quarter of 2015, and theestimated total project price is approximately US$230 million (includingprojectmanagement, capitalized interest, drilling and handling tools, spares andoperation preparations) per rig, with tail-heavy payment terms.
The two new units will be based on the F&G JU2000E design, with water depthcapacity of 400ft and drilling depth of 30,000ft. Seadrill has now in totalsixjack-ups under construction at DSIC Offshore of which two are scheduled fordelivery in 2013 and four in 2015.
Fredrik Halvorsen, Chief Executive Officer of Seadrill Management Ltd, saysin acomment, "The two jack-up newbuilds are ordered in-line with our customerspreference for high specification jack-up drilling rigs and a strengtheningjack-up drilling market. We continue to see solid demand for this assetclasswith both dayrates and contract duration increasing. These two new orderswillincrease Seadrill's jack-up fleet to 28 units and strengthen our positionas thelargest operator of modern high specification drilling units."
This information is subject of the disclosure requirements pursuant tosection5-12 of the Norwegian Securities Trading Act.
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Source: Seadrill Limited via Thomson Reuters ONE
[HUG#1682993]
Analyst contact
Rune Magnus Lundetrae
Chief Financial Officer
Seadrill Management AS
+47 51 30 99 19
Media contact
Alf Thorkildsen
Chief Executive Officer
Seadrill Management AS
+47 51 30 99 19
