Seadrill, Chevron extend rig contracts

Seadrill Partners has secured one-year contract extensions for the T-15 and T-16 tender rigs with Chevron Thailand E&P.  

The contracts will now expire in July and August 2019, respectively.  The total backlog of the two contract extensions is approximately US$80 million. 

As part of the agreement to extend the contracts, Seadrill has agreed to a dayrate reduction on the current contracts, effective from 1 October 2015.  As a result, the total backlog of the current contracts is reduced by $35 million.

The net effect of this agreement has resulted in an increase of $45 million in total backlog and an additional year of contract coverage for the two units.

Image: T-15/Seadrill

Current News

With "Indication of Interest", Argeo Suspends Bankruptcy Decision

With "Indication of Interest",

Empire Energy, Ellevo Set Up Joint Offshore Wind Lifting and Transport Unit

Empire Energy, Ellevo Set Up J

Fincantieri Embarks on Research Project to Protect Subsea Cables and Pipelines

Fincantieri Embarks on Researc

E-CTV Aces Tryouts at Scottish Offshore Wind Farm

E-CTV Aces Tryouts at Scottish

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine