Seadrill wins offshore drilling deal with Exxon in Canada

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

Seadrill (SDRL +4%) is higher following news that its West Aquarius semi-submersible rig will drill one firm well offshore Canada for Exxon Mobil (NYSE:XOM), which has multiple options to further extend the contract.

SDRL says the firm portion of the contract totals ~$24 M and is expected to start between May and July 2019.

The West Aquarius currently is under contract with BP in Canada, where drilling operations recently resumed after a halt pending completion of an investigation into a drilling fluid spill incident in June.

Subscribe for full text news in your inbox