Seadrill jackups headed to Middle Eastern waters for long-term contracts

Source: Seadrill

Seadrill has been awarded two new contracts by KJO (AL-Khafji Joint Operations) in the joint development zone between the Kingdom of Saudi Arabia and Kuwait for the jackup rigs West Triton and Offshore Resolute.
The assignments which will commence in direct continuation of their current contracts in Southeast Asia are each for a firm period of three years plus the time required to mobilize to the Arabian Gulf. Each contract also includes an option for KJO to extend the term for a further one year. 

"These new contracts will strengthen the relationship with KJO, one of the key customers in the Arabian Gulf,” said Alf C. Thorkildsen, CEO of Seadrill. “In addition, relocating two rigs for term work and at attractive market rates serves our strategic desire to increase our long term presence in this active oil and gas region." 

Rolling off the contract in Southeast Asia in August 2011, the Offshore Resolute jackup is capable of drilling in waters up to 350 feet deep. Ending its contract in Southeast Asia in November 2011, the West Triton jackup is rated for waters up to 375 feet deep.

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