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.
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