Seadrill orders further deepwater drillships

Offshore staff

HAMILTON, Bermuda – Seadrill has turnkey contracts with Samsung for two new ultra-deepwater DP drillships to be built in South Korea.

Construction is scheduled for completion during 2Q and 3Q 2014, with a total price per drillship of less than $600 million.

This includes project management, drilling and handling tools, spares, capitalized interest, and operational preparations. Additionally, Seadrill has a fixed-price option to order an additional drillship for delivery in 2014.

The drillships are of the same design as three previous dual-derrick vessels the company ordered from Samsung in late 2010 and early 2011. Features include increased water depth and technical capabilities, such as a seven-ram configuration BOP stack, with storing and handling capacity for a second BOP.

They will have a hook load capability of 1,250 tons and a water depth capacity of up to 12,000 ft (3,657 m), suited for areas such as the Gulf of Mexico and Brazil as well as West and East Africa.

Chairman of Seadrill John Fredriksen said: “It is likely that Seadrill's commitment to tender and ultra-deepwater new buildings will be further increased in the weeks to come.”

2/27/2012



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