Seadrill (SDRL) subsidiary North Atlantic Drilling says Statoil (STO) has exercised its option...

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

Seadrill (SDRL) subsidiary North Atlantic Drilling says Statoil (STO) has exercised its option to extend the contract for the heavy-duty harsh environment jack-up rig West Epsilon by two years from Dec. 2014 to Dec. 2016. The estimated value of the contract extension is $215M.