Petrobras Books Another Seadrill Drillship for Búzios Drilling
Offshore drilling company Seadrill Limited has secured a contract for the West Jupiter drillship with Brazil's Petrobras for work in the Búzios field offshore Brazil. The contract is for a firm term of 1,040 days with the start-up slated for December 2022. The total contract value is about $264 million, including mobilization revenue and additional services.Seadrill’s Chief Executive Officer, Stuart Jackson, said: “Petrobras is a long-standing and valued customer of Seadrill, and signing a third contract with them this quarter is testament to our strong partnership and commitment to the Brazilian market. Seadrill is focused on growing our fleet in strategic basins where we see high growth potential…
Equinor Contracts Seadrill Drillship West Saturn
Offshore drilling contractor Seadrill said it has secured a four-year firm contract with four one year options for the West Saturn drillship with Equinor Brasil Energia Ltda for work on the Bacalhau field in Brazil.Total value for the firm portion of the contract, including mobilization, upgrades and integrated services, is expected to be approximately $380 million, with a performance bonus providing meaningful incremental opportunity, Seadrill said. The total contract value is contingent on the final investment decision (FID) by the partnership for Bacalhau.
Seadrill Seeks Bankruptcy Protection—Again
Offshore drilling rig contractor Seadrill has filed for bankruptcy protection at a court in the U.S. state of Texas, it said on Wednesday, the second time in four years the company has entered into so-called Chapter 11 restructuring.The Oslo-listed group controlled by Norwegian-born billionaire John Fredriksen returned to court along with several subsidiaries after failing to win consent from bank lenders to postpone payments on $5.7 billion of debts.Its total debts and liabilities…
Stolt Offshore Appoints CFO
Stuart Jackson has been appointed as Chief Financial Officer for Stolt Offshore. He will start with the company on April 22, 2003. industry. Africa. General Manager for operations in London and Lincolnshire. Executive Director, Asset Management and Trading. and Managing Director in 2002.
