West Alpha LOI awarded

Offshore staff

HAMILTON, Bermuda –A consortium of independent oil companies have awarded Seadrill Ltd. A letter of intent to contract the semisubmersible drilling vessel West Alpha for three years with an option to extend it to four or five years.

Estimated contract value will range from $503 million to $766 million, depending upon the final length. The vessel is designated to drill exploration wells on the Norwegian continental shelf starting Feb. 2009.

08/01/2007