Rosneft expands partnership with North Atlantic Drilling

|About: North Atlantic Drilling Ltd. (NADL)|By:, SA News Editor

North Atlantic Drilling (NADL +1.8%) says it has expanded its offshore partnership with Russia's top oil producer Rosneft (OTC:RNFTF), securing a commitment for six offshore units through 2022.

NADL says total revenue potential for the six contracts exclusive of mobilization is ~$4.25B.

NADL is a subsidiary of no. 1 global offshore driller Seadrill (SDRL -0.1%).