Statoil Extends Contract for Jack-Up Rig ‘West Epsilon’
North Atlantic Drilling Ltd., a majority owned subsidiary of Seadrill Limited, announced today that Statoil has exercised its option to extend the contract for the heavy-duty harsh environment jack-up rig West Epsilon by two years from December 2014 to December 2016.
The estimated value of the contract extension is US$215 million.
Seadrill Limited operates a versatile fleet of 67 units that comprises drillships, jack-up rigs, semi-submersible rigs and tender rigs for operations in shallow to ultra-deepwater areas in harsh environment and benign environments.
Seadrill, December 21, 2012