Seadrill Confirms Contract for West Capella
Seadrill confirms that a consortium of international operators have signed the award for the long-term contract to utilize the ultra deepwater drillship, West Capella, on a worldwide assignment.
The contract has a firm duration of five years, and estimated contract value is approximately US$970 million, including mobilization fee.
West Capella is currently under construction at the Samsung Shipyard in South Korea and is scheduled for commencement of operations in the first quarter 2009.
- Seadrill's Debt Overhaul Faces Creditor Scrutiny (Oct 02)
- Seadrill Files for Bankruptcy in Bid to Shrink Debt Burden (Sep 13)
- Seadrill Warns Again Of Chapter 11 As Extends $14B Debt Talks (Jul 26)