Seadrill's (SDRL) $4B commitment for the use of three offshore rigs in the Gulf of Mexico should...

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

Seadrill's (SDRL) $4B commitment for the use of three offshore rigs in the Gulf of Mexico should assuage concerns about the company's ability to contract out all the rigs it has ordered as speculation rigs, blogger Power Hedge writes, calculating the contract works out to ~$576,800 per rig per day over six-plus years and increases SDRL's contract revenue backlog by nearly a third.