Seadrill Secures Gig for Semisub Offshore W. Africa



Seadrill has received a letter of award for a new three year contract for a semisubmersible for operations offshore West Africa with a reputable oil company, contract starting second quarter 2013. The total potential contract revenue based on 97 percent utilization is estimated to approximately $710 millions and includes a performance bonus arrangement. The letter of award is subject to final approval by the charterers Board to be lifted no later than May 16.



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