Seadrill delays ultra-deepwater drillship deliveries
Seadrill has reached an agreement with DSME shipyard in South Korea to defer delivery of the ultra-deepwater drillships West Aquila and West Libra.
These will now be shipped out respectively in 2Q 2018 and 1Q 2019.
Originally, bothvessels were to be delivered by end-2Q 2016, at which point a total final yard installment for both units of more than $800 million was due to be paid.
Seadrill says the deal improves its near-term liquidity position.
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