Seadrill lines up tender rig ownership transfer

Seadrill has agreed to sell the companies that own and operate the tender rig T15 to Seadrill Partners LLC.

Offshore staff

HAMILTON, Bermuda – Seadrill has agreed to sell the companies that own and operate the tender rig T15 to Seadrill Partners LLC.

The total consideration is $210 million, less about $100 million of debt outstanding under the credit facility secured for the rig. Seadrill will provide the balance in the form of a $110-million loan.

T15 is contracted to Chevron offshore Thailand for five years at a day rate of $115,500. It is currently undergoing acceptance testing in Singapore prior to mobilizing to its drilling location, which is expected by mid-June.

5/07/2013

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