Seadrill Limited has been awarded an 18 month contract extension for the West Tellus (UDW Drillship) by Petroleo Brasileiro SA, commencing in April 2018.
As part of the agreement to extend the West Tellus, which will secure work for the unit to the end of October 2019, Seadrill has agreed to a dayrate reduction on the current contract effective from February 26, 2016, resulting in a $132 million reduction in backlog.
The West Tellus is currently drilling in Brazil.
Have a news tip? Share it with Rigzone!
WHAT DO YOU THINK?
Click on the button below to add 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.
More from this Author
Most Popular Articles
From the Career Center
Jobs that may interest you