Aramco signs up Seadrill jackup to drill offshore Saudi Arabia

Offshore staff

HAMILTON, Bermuda – Saudi Aramco has contracted Seadrill’s jackup West Callisto for duty offshore Saudi Arabia.

The rig will work for a minimum of three years with an optional one-year extension.

Potential revenue to Seadrill for the three year period is $164 million, plus a $20 million mobilization fee to cover upgrades, dry tow vessel expenses, and the dayrate during the mobilization period.

West Callisto is operating in Southeast Asia and should complete its program in August. It will then start the transit to the Middle East ready to start operations for Saudi Aramco in September.

Alf C Thorkildsen, CEO of Seadrill Management, said: “We are delighted to have signed our first contract with Saudi Aramco for operation in Saudi Arabia. This award complements our growing jackup operations in the region which will increase from two to five units this year.”

3/12/2012

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