Seadrill (SDRL -1.3%) raises estimates for downtime for deepwater rigs in operation during Q4 to...

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

Seadrill (SDRL -1.3%) raises estimates for downtime for deepwater rigs in operation during Q4 to ~100 days from a prior 41 days, due to BOP issues on several of its rigs. Q1 2013 results will be impacted by the West Hercules taking longer than expected to begin its next assignment. Also, SDRL orders construction of two jack-up drilling rigs with Dalian Shipbuilding for ~$230M.