Seadrill delays ultra-deepwater drillship deliveries

Offshore staff

HAMILTON, BermudaSeadrill has reached an agreement with DSME shipyard in South Korea to defer delivery of the ultra-deepwater drillships West Aquila and West Libra.

These will now be shipped out respectively in 2Q 2018 and 1Q 2019.

Originally, both vessels were to be delivered by end-2Q 2016, at which point a total final yard installment for both units of more than $800 million was due to be paid.

Seadrill says the deal improves its near-term liquidity position.

01/15/2016

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