Nordic Business Report-September 8, 2006-SeaDrill Ltd receives 4-year contract for West Sirius
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The Norwegian drilling rig operator SeaDrill Ltd said on Thursday (7 September) that it has received a letter of intent for a four-year contract for its semi-submersible drilling rig newbuild West Sirius.
The proposed contract, to be signed with an unnamed exploration and production operator in the Gulf of Mexico, has a firm duration of four years, but can be extended to up to six years. Including options and mobilisation the contract is worth approximately USD980m.
West Sirius is currently under construction at Jurong Shipyard in Singapore and is scheduled for delivery in the second quarter of 2008.
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