SDRL – New ultra-deepwater semi-submersible rig ordered from Jurong

Seadrill has today entered into a turnkey contract to build another ultra-deepwater semi-submersible drilling rig at the Jurong Shipyard in Singapore. The turnkey contract has a net total project value of US$531.5 million with scheduled delivery of the unit in April 2010. The rig is based on the Friede & Goldman (F&G) design and is similar to the two units Seadrill already has under construction at the Jurong Shipyard.