Seadrill Orders Jack-Ups for Delivery 2015/2016

Norwegian rig operator Seadrill announced Thursday that it has greed new contracts for the construction of two high-specification jack-up drilling rigs with China's Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore). The price for each rig is approximately $230 million, which includes project management, capitalized interest, drilling and handling tools, spares and operation preparations.

Seadrill said the two rigs are scheduled for delivery in the fourth quarter of 2015 and the first quarter of 2016. They will be based on the F&G JU2000E design, with water depth capacity of 400 feet and drilling depth of 30,000 feet.

Seadrill said the orders mean it now has a total of eight jack-ups under construction at DSIC Offshore, of which two are scheduled for delivery in 2013, five in 2015 and one in 2016.

Seadrill CEO Fredrick Halvorsen commented in a company statement:

"These two additional orders highlight our commitment to growing our high specification jack-up fleet.  The jack-up market has traditionally been a shorter term market; however we expect longer term contracts to be executed going forward. In addition to increased term we expect to see rising day rates as attrition accelerates amongst an aging global fleet.  These two new orders will increase Seadrill's jack-up fleet to 29 units and strengthen our position as the largest operator of modern high specification drilling units."

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Report: Hiring Managers See Salaries S... (Mar 23)
 -  Repsol Chooses Atlas for Onshore, Offs... (Mar 23)
 -  OGA Awards 25 Licences for 111 UKCS Bl... (Mar 23)
 -  UK Minister Brands Oil Worker Discrimi... (Mar 23)
 -  Analyst Sees Possible Crest for US Gas... (Mar 22)


Most Popular Articles

From the Career Center
Jobs that may interest you
Solids Control Technicians - Bakken Region
Expertise: Electrical Technician|Mechanical Technician
Location: Williston, ND
 
Frac equipment operator
Expertise: Wireline
Location: San Antonio, TX
 
Hydraulics Technician - West Texas
Expertise: Field Service Tech
Location: West, TX
 
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours