Offshore staff

HAMILTON, Bermuda -- Seadrill has agreed to a new three-year contract Chevron for use of the tender rig T12 offshore Thailand, with a further two-year option.

The estimated contract value is around $132 million. The program should start during 2Q 2011, in direct continuation of the rig's existing contract.

This will be the fifth Seadrill rig at work for Chevron off Thailand.

02/21/2011