Seadrill (SDRL) secures a contract extension worth ~$450M from Tullow Oil for the use of its...


Seadrill (SDRL) secures a contract extension worth ~$450M from Tullow Oil for the use of its ultra-deepwater semi-submersible rig West Leo for work off West Africa, bringing the total contract value to ~$1.13B. The rig has been working for Tullow off Ghana at a dayrate of $525K and is expected to remain in the play until the extended contract expires in 2018.
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Comments (1)
  • deeee
    , contributor
    Comments (59) | Send Message
     
    Seadrill is a money machine.
    Looks good for years to come.
    Dividend ain't too bad!
    17 Jan 2013, 10:02 PM Reply Like
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