Seadrill signs $1.1B rig deal with Total

|About: Seadrill Limited (SDRL)|By:, SA News Editor

Seadrill (SDRL) signs a five-year, $1.1B contract with Total (TOT) for work offshore Nigeria for SDRL's newly built ultra-deepwater West Jupiter drillship.

The West Jupiter is one of eight 6th generation drillships currently under construction for SDRL and is expected to be delivered from the Samsung Heavy Industries shipyard in South Korea this August.

The deal is worth ~$600K/day, including mobilization, according to Reuters calculations.