SeaDrill's (SDRL +1%) potential five-year contract for its West Polaris drillship provides...

|By:, SA News Editor

SeaDrill's (SDRL +1%) potential five-year contract for its West Polaris drillship provides evidence for strong offshore drilling fundamentals, Power Hedge believes. Potential revenue of $1.16B implies a higher dayrate of $635,600, a profitable trend that may also reduce SDRL's exposure to market cycles.