Seadrill’s AOD jack-up gets three more years with Saudi Aramco

Offshore drilling contractor Seadrill has received a three-year contract extension from Saudi Aramco for the jack-up AOD III, expiring in December 2019.

Seadrill said on Thursday that the extension is in direct continuation of the current contract and will add approximately $112.5 million in contract backlog.

This extension follows the three-year extensions of the AOD I and AOD II announced on July 29, 2016, which were expected to add approximately $225 million in contract backlog.

In October, AOD III was also awarded the extension of the contract with Saudi Aramco until December 31, 2016, but with a reduced dayrate.

The three units have been working for Saudi Aramco since 2013. They are owned by Asia Offshore Drilling (AOD), which is a partnership venture between Mermaid and Seadrill where Mermaid has 3.76 percent and Seadrill has 66.24 percent stake.

Share this article

Follow Offshore Energy Today

Events>

<< Feb 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 1 2 3

19th Annual Arctic Oil & Gas Symposium

CI Energy’s 19th Annual Arctic Oil & Gas Symposium has brought together hundreds…

read more >

Egypt Petroleum Show

This event will feature 500+ regional & international exhibiting companies from over 35 countries…

read more >

INTERNATIONAL PETROLEUM WEEK 2019

International Petroleum (IP) Week is a renowned and respected fixture in the annual calendar…

read more >

Fuel Cell Expo 2019

FC EXPO is world’s largest show for hydrogen & fuel cell…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply