Seadrill’s drillship gets more time with Petrobras, but with lower dayrate

West TellusOffshore drilling contractor Seadrill has been awarded an 18-month contract extension for the drillship West Tellus by Brazil’s state-owned oil company Petrobras.

The contract starts in April 2018 and secures work for the unit through the end of October 2019. The total backlog for the contract extension is approximately $164 million.

Seadrill reported that as part of the agreement to extend the contract for West Tellus, the drilling contractor has agreed to a dayrate reduction on the current contract effective from February 26, 2016, resulting in a $132 million reduction in backlog.

The net effect of this agreement is a $32 million increase in backlog.

West Tellus is working for the Brazilian oil company on the Libra field, offshore Brazil. The rig’s dayrate so far was $473,000.

Seadrill’s West Tellus is a 6th generation DP3 drillship rated for 3,600m water depth. It was built in 2013 by Samsung Shipyard in South Korea.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Events>

<< Jul 2019 >>
MTWTFSS
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
29 30 31 1 2 3 4

Uganda International Oil and Gas Summit 2019

Uganda International Oil & Gas Summit will once again examine the industry’s developments…

read more >

8th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

Gas Indonesia Summit 2019

Gas Indonesia Summit & Exhibition is returning for the fourth edition in Jakarta…

read more >

Shanghai Int Petrochemical and Offshore Oil & Gas and Chemical Industry Technology and Equipment Exhibition 2019

cippe Shanghai has attracts both…

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