Seadrill Nets Two Drillship Commitments

Tuesday, May 7, 2024
West Capella (File photo: Seadrill)

Offshore drilling contractor Seadrill on Tuesday announced it has secured new contract awards for two of its drillships.

The West Capella secured a one-well contract in South Korea, with an estimated duration of 40 days, valued at approximately $32 million, including a mobilization fee of approximately $10 million and excluding fees for additional services. The contract is expected to commence in December 2024.

The West Neptune secured a six-month contract extension with an independent operator in the U.S. Gulf of Mexico, expected to start in the third quarter of 2025 in direct continuation of its current contract. The estimated contract value of approximately $86 million excludes fees for additional services, including managed pressure drilling (MPD). Seadrill said it will upgrade the West Neptune with MPD capabilities during planned out-of-service periods, making it the tenth rig in the company’s fleet with MPD or MPD-equivalent technologies.

Categories: North America Drillships Drilling Activity Asia

Related Stories

Equinor Gets Permit to Drill North Sea Wildcat Well

Equinor Gets Permit to Drill North Sea Wildcat Well

UK Releases Environmental Guide on Future North Sea Oil and Gas Drilling

UK Releases Environmental Guide on Future North Sea Oil and Gas Drilling

Chuditch Gas Field Drilling Ops Get Delayed to Next Year

Chuditch Gas Field Drilling Ops Get Delayed to Next Year

Current News

Aibel to Provide Maintenance Services for Two Vår Energi’s Oil and Gas Fields

MDL Assists Saipem to Deliver Offshore Campaigns in West Africa

Woodside and Jera Agree LNG Cargoes Supply for Japan’s Winter Period

Strategic Marine Delivers Fourth Fast Crew Boat to Thai Firm

Subscribe for OE Digital E‑News

Offshore Engineer Magazine