Seadrill Wins $319M Jackup Contracts

Reuters

OSLO, April 2 (Reuters) – Offshore driller Seadrill has won several contracts for various jack-up units for a combined $319 million, the firm said on Wednesday.

Following these deals, Seadrill, the world's biggest offshore driller by market capitalisation, has 92 percent of its jack-up capacity contracted for 2014 and 64 percent for 2015, it said.

The total order backlog for the jack-up fleet is $4.4 billion and average remaining contract duration is 2.6 years, the firm said.

(Reporting by Balazs Koranyi, editing by Gwladys Fouche)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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