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Seadrills wins billion dollar Total Upstream Nigeria deepwater drillship contract

02nd June 2014

Seadrill Limited has secured a contract with Total Upstream Nigeria for employment of the newbuild ultra-deepwater drillship West Jupiter, in support of the EGINA ultra-deep offshore project in Nigeria

Seadrills wins billion dollar Total Upstream Nigeria deepwater drillship contract
The West Jupiter is one of eight 6th generation drillships currently under construction for Seadrill

The contract is for a firm period of five years and has a total revenue potential for the primary contract term of approximately USD 1.1bn inclusive of mobilisation.

The West Jupiter is one of eight 6th generation drillships currently under construction for Seadrill and is expected to be delivered from the Samsung Heavy Industries shipyard in Geoje, South Korea in August 2014.  The rig will be outfitted to work in up to 3,048 metres of water and is capable of water depths up to 3,657 metres and drilling depths up to 11,430 metres.

"We are very pleased to have been chosen by Total and its partners for this important project,” said Per Wullf, Seadrill CEO. “This contract provides an opportunity to deepen our relationship with a key customer and strategically increase our rig fleet in Nigeria, adding the West Jupiter alongside the West Capella which has been operating in the Usan field Offshore Nigeria since 2008.  Seadrill takes pride in continuing to build its presence in the Nigerian oil & gas industry.”

Seadrill's total consolidated backlog stands at approximately USD 20bn with the execution of this contract.

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