Seadrill, Brunei Shell Extend West Pelaut Rig Contract for $153MM

Seadrill and Brunei Shell Petroleum have in principle reached an agreement to extend the contract for the semi-tender rig West Pelaut. The extension has duration of three years with commencement in April 2009 in direct continuation of the existing work.

West Pelaut is a first generation self-erecting semisubmersible tender rig that was built in 1994 and has been working for Brunei Shell Petroleum continuously since delivery. The estimated contract value for the extension is approximately US $153 million.


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