Seadrill signs 5-year, $118bn rig deal

12 Nov, 2012

 

"The award of a five-year contract with commencement in 2015 is also a clear sign of the present tightness in the harsh environment (and) deepwater drilling market," Seadrill said.

 

"Seadrill currently has several options and proposals to increase the newbuild program within this field further," it said. "A decision regarding further investment within this segment is likely to be taken shortly."

Copyright Reuters, 2012

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