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SeaDrill gets USD49.9m contract for West Prospero rig.

NORDIC BUSINESS REPORT-6 October 2009-SeaDrill gets USD49.9m contract for West Prospero rig(C)1994-2009 M2 COMMUNICATIONS

6 October 2009 - Oslo-listed rig operator SeaDrill Ltd (OSL: SDRL) said Tuesday it secured a two-well contract, valued at USD49.9m, by Red Sea Petroleum Operating Company Limited (RSPOC) for the jack-up rig West Prospero.

The stated value includes mobilisation and demobilisation costs.

The assignment is for operation offshore Sudan with mobilisation due in December 2009. Drilling is estimated to last for some six months.

West Prospero, which is currently idle in Indonesia, will be upgraded with high pressure, high temperature (HTHP) capabilities prior to moving to Sudan on a heavy lift vessel.

(EUR1 = USD1.47)

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Publication:Nordic Business Report
Article Type:Brief article
Geographic Code:4EXNO
Date:Oct 6, 2009
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