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.

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