Seadrill orders four jackups for 2010

Seadrill has ordered four jackup newbuilds from KFELS and PPL Shipyard in Singapore with delivery in 2010.

Offshore staff

HAMILTON, Bermuda -- Seadrill has ordered four jackup newbuilds from KFELS and PPL Shipyard in Singapore with delivery in 2010.

The two units to be built at KFELS will be based on the KFELS Mod V 'B' design. The rated water depth is 400 ft (122 m) and drilling depth is 30,000 ft (9,144 m). Deliveries are scheduled in June and November 2010 and the total contract price for the two units is approximately $420 million. These jackups will be the fifth and sixth jackup orders Seadrill has placed with KFELS.

The two units to be built at PPL Shipyard will be based on the Baker Marine Pacific Class 375 Deep Drilling design. The rated water depth is 375 ft (114 m) and drilling depth is 30,000 ft. Deliveries are scheduled in March and November 2010 and the total contract price for the units is approximately $430 million. These jackups will be the second and third orders Seadrill has placed with PPL Shipyard. The first unit, theWest Triton, was delivered in early January this year and currently is operating for Apache in Victoria, Australia.

Seadrill has in addition received option agreements for further jackup newbuilds in 2011.

06/05/2008

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