Seadrill Awarded Deepwater Contract for West Sirius

Monday, October 16, 2006
Reference is made to the Letter of Intent disclosed to the Oslo Stock Exchange September 7, 2006 regarding the assignment awarded the deepwater semi-submersible drilling rig West Sirius. Seadrill today confirms that the operator Devon Energy Corporation has signed the long-term contract to utilize the West Sirius in the Gulf of Mexico. The contract includes a four year assignment with the option for the operator to extend the contract to five or six years. Estimated contract value for the four year period is approximately $ 690m. West Sirius is currently under construction at the Jurong Shipyard in Singapore and is scheduled for delivery in the second quarter 2008.

Offshore

Are We on the Crest of an Offshore Wind Wave?

This time last year, when we were preparing to host ABN AMRO’s inaugural international seminar on offshore wind the imminent Borssele offshore wind tender in the Netherlands was a hot topic.

Brazil May Open Petrobras Subsalt Area to Other Companies

Brazil may allow companies besides Petrobras to bid for the right to produce extra oil from areas it sold to the state-led oil company in 2010, the head of the

Vallianz Rejects Payment Request from Swiber Managers

Vallianz Holdings, which provides support vessels for the oil industry, said on Wednesday it had refused a request from the judicial managers of shareholder Swiber Holdings to pay around $63.

Navy

Royal Navy Warship Goes to Libya

The UK provided RFA Mounts Bay to support the Danish-led maritime operation, escorting a Danish transport ship through the Mediterranean as it carried the chemicals,

Ingalls Secures Design Work for US Navy’s New LX(R) Ships

Huntington Ingalls Industries (HII) announced that its Ingalls Shipbuilding division has been awarded a $13.7 million contract (with incremental funding) to perform contract design effort for the U.

This Day In Naval History: August 31

1842 - Congress replaces the Board of Navy Commissioners, a group of senior officers who oversee naval technical affairs, with the five technical Bureaus, ancestors of the Systems Commands.

 
 
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