Seadrill secures new jack-up contract in Thailand

abarrelfull wrote on 02 Jun 2011 06:08
Tags: pttep seadrill service thailand

Latest News

• Want a weekly review of refining news?

• This Week in Refining
• RSS Feed

Seadrill has been awarded a new contract by PTTEP in Thailand for the jack-up rig West Leda. The assignment is for a firm period of nine months and with an option to extend for a further six months. The contract value for the firm period is approximately US$35 million. Commencement of the operations under the new contract is scheduled for late second quarter 2011, in direct continuation of the rig's existing contract.

Alf C Thorkildsen, Chief Executive Officer in Seadrill Management AS, says, "We are pleased to secure a new contract for one of our jack-ups in the South East Asia region. We consider this as an excellent opportunity to further strengthening our relationship with PTTEP, one of our key customers. Representing a total contract value of US$35 million, this assignment improves the earnings visibility for our jack-ups."

• Seadrill secures new jack-up contract in Thailand

---