Seadrill wins $497M Exxon contract for drilling rig

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

Seadrill (SDRL +1.7%) says it won a two-year $497M contract from Exxon Mobil (XOM +0.2%) for employment of one of its newbuild ultra-deepwater drillships.

The deal is for work in Nigeria, in support of the ERHA North Phase 2 project.

The rig, under construction by Samsung Heavy Industries, will be delivered in September.