Seadrill secures letter of intent for deepwater newbuild

Seadrill has secured a letter of intent by an international operator for one of the newbuild deepwater units under construction in Korea/Singapore.

Offshore staff

HAMILTON, Bermuda -- Seadrill has secured a letter of intent by an international operator for one of the newbuild deepwater units under construction in Korea/Singapore.

The contract has a firm duration of five years and an estimated contract value of $970 million, including the mobilization fee, Seadrill says.

5/4/2007

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