Sevan Signs Bank Financing Deal for Semisub

Sevan Drilling AS has signed a mandate with two leading financial institutions to arrange construction financing and a six-year term loan with a 7.5-year profile of up to US$250 million (pre-delivery) and US$400 million (post-delivery) for the Sevan Driller.

The construction of the Sevan Driller is proceeding according to plan. The unit is expected to be ready to drill in the US Gulf of Mexico in first quarter 2009, under a 6-year contract with Petrobras.

"We are pleased to announce this bank facility, intended to complete the financing of the advanced deepwater drilling unit Sevan Driller, based on Sevan's own proprietary technology," said Jan Erik Tveteraas CEO, Sevan Marine ASA.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
US, Zanesville, OH: Associate Electronic Technician - Electronic Technician
Expertise: Electrical Technician
Location: Zanesville, OH
United States Duncan: Design Drafter, Mechanical - Sr. Mechanical Designer
Expertise: Mechanic
Location: Duncan, OK
SXL - Senior Counsel, Corporate Finance & Securities
Expertise: Accounting
Location: Newtown Square, PA
search for more jobs

Brent Crude Oil : $50.47/BBL 0.98%
Light Crude Oil : $49.72/BBL 1.09%
Natural Gas : $2.76/MMBtu 1.09%
Updated in last 24 hours