TANANGER, Norway -- A drilling contract for the Sevan Driller was awarded by Petrobras America Inc. to Sevan Marine ASA for operations in the Gulf of Mexico.
The contract has a duration of six years and is expected to start 1Q09. It is valued at $880 million.
The rig, currently under construction, is based on Sevan's technology and will have a capacity of drilling wells to 40,000 ft. in up to 12,500 ft. of water. The variable deckload is designed for 15,000 metric tons and the rig will have internal storage for 150,000 bbl. of oil.