North Atlantic Drilling, of which Seadrill (SDRL -0.5%) has a 74% ownership interest, receives a...

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

North Atlantic Drilling, of which Seadrill (SDRL -0.5%) has a 74% ownership interest, receives a letter of intent from ExxonMobil (XOM) securing a contract extension for the harsh environment semi-submersible drilling unit West Alpha that will keep the rig employed to Q3 2016. Estimated revenue value of the extension is $410M.