Seadrill orders high-end offshore drilling jackups

Offshore staff

HAMILTON, Bermuda – Seadrill (XOSL:SDRL) has agreed with Dalian Shipbuilding Industry Offshore for the construction of two high-spec jackups.

Both are expected to be delivered during the first half of 2015, at an overall estimated cost of $230 million. That includes project management, capitalized interest, drilling and handling tools, spares, and operation preparations.

The rigs will be based on the F&G JU2000E design, with a water depth capacity of 400 ft (122 m) and drilling depth capability of 30,000 ft (9,144 m).

In addition, Seadrill has fixed price option agreements to build a further two units of the same design at Dalian. These would be delivered later in 2015.

John Fredriksen, chairman and president of Seadrill, said: “The premium jackup market continues to demonstrate strength as evidenced by increasing day rates and utilizations….

“Currently, 312 jackups or 65% of the total fleet of 483 jackups are older than 25 years. These two new firm orders increase our fleet of modern jackups to 25 rigs with an average age of three years…”

2/1/2013

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