| Work Detail |
Offshore rig operator Seadrill has won one new contract and one contract extension 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 $32m.
The deal includes a mobilisation fee of around $10m but excludes fees for additional services. The contract is expected to begin in December 2024.
The 2008-built drillship is currently working for an undisclosed operator in Indonesia. The contract is supposed to run until September and includes options to extend it until November 2024.
The West Neptune secured a six-month contract extension with LLOG Exploration Company in the US Gulf of Mexico. It is 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.
The rig has been under contract with LLOG since September 2021. The deal, before this latest extension, was supposed to run in May 2025.
The 10-year special periodic survey for the drillship is expected to be completed in the third quarter of 2024 with an estimated 45 days of out-of-service time.
Seadrill stated that it would upgrade the West Neptune with MPD capabilities during planned out-of-service periods, making it the tenth rig in its fleet with MPD or MPD-equivalent technologies. |
