Offshore staff

OKLAHOMA CITY, Oklahoma -- Devon Energy Corp. has signed a four-year, $690-million contract with Seadrill Offshore AS to use the West Sirius semisubmersible in the Gulf of Mexico.

Designed to drill to 37,500 ft in as much as 10,000 ft of water, the rig is scheduled for delivery in 2Q08 following completion of construction in Singapore.

"Our successful lower Tertiary exploration program, progress toward commercialization and strong prospect inventory present us with an extensive set of deepwater Gulf of Mexico drilling opportunities," said Stephen J. Hadden, senior vice president, exploration and production.

10/18/06