Killajoules

SDRL - Seadrill secures contract extension for West Pelaut in Brunei
Seadrill has been awarded a new contract extension by Brunei Shell Petroleum for the semi-tender assist rig West Pelaut. The production drilling assignment has a firm duration of three years, and the contract value is estimated to approximately US$131 million.

SHI Signs USD 1.08 Billion Contract for Two Units of Drill Ships
Samsung Heavy Industries, which is the first company in the domestic shipbuilding industry to achieve its annual order target for 2010, announced on the 11th that it had signed a contract to build two units of drill ships for Seadrill, a Norwegian firm. The contract amount is USD 1.08 billion.

Seadrill orders new ultra-deepwater drillships for delivery in 2013
Seadrill has entered into a turnkey contract to build up to four new ultra-deepwater drillships at the Samsung yard in South Korea. The first two drillships are firmly ordered with delivery in the first and second quarter 2013, respectively. Total project price per rig is estimated to be less than US$600 million, which includes a turnkey contract with the yard, project management, drilling and handling tools, spares, capitalized interest and operations preparations. The contract further includes a fixed price option for further two drillships to be declared during the first quarter 2011.