Seadrill secures commitment for newbuild drillship

Seadrill Ltd, in cooperation with indigenous partner Field Offshore Design Engineering Nigeria Ltd, has secured a contract with Esso Exploration and Production Nigeria Ltd to use the newbuild ultra-deepwater drillship West Saturn, at the ERHA North Phase 2 project in Nigeria.

Aug 11th, 2014

Offshore staff

HAMILTON, BermudaSeadrill Ltd, in cooperation with indigenous partner Field Offshore Design Engineering Nigeria Ltd, has secured a contract with Esso Exploration and Production Nigeria Ltd to use the newbuild ultra-deepwater drillship West Saturn, at the ERHA North Phase 2 project in Nigeria.

The contract is for a firm period of two years, plus a one-year option, and has a total revenue potential for Seadrill and Field Offshore Design Engineering Nigeria Ltd for the primary contract term of $497 million, inclusive of mobilization.

TheWest Saturn is a sixth-generation drillship, currently under construction at Samsung Heavy Industries in Geoje, South Korea, with expected delivery in September. The unit will be outfitted to work in up to 10,000 ft (3,048 m) of water, and is capable of handling two BOPs, operating in up to 12,000 ft (3,658 m) of water and drilling depths up to 40,000 ft (12,192 m).

TheWest Saturn is Seadrill's third rig in Nigeria, working alongside the West Jupiter and West Capella

08/11/2014

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