New Seadrill contract now to start August 1, 2019 | SDRL Message Board Posts

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Msg  36987 of 36988  at  3/14/2019 10:13:28 AM  by

TonsbergDescendant


New Seadrill contract now to start August 1, 2019

The start of Seadrill's contract for the West Mira (2019 newbuild HE-SS) in Norwegian waters has been moved up.  Now the firm start date is August 1, 2019.
 
Contract running for 9 wells firm, plus 7 optional wells. Day-rate of $300+k/d. Customer is German E&P major Wintershall.
 
Earlier today a major shipbroker advertised the need for OSV's to support West Mira starting August 1 for a 9 firm, 7 optional contract. Firm + option goes ~ 2 1/2 years until February 2022.
 
West Mira is currently mobilizing there, and is ~1,000 miles off the coast of Nigeria moving northward at ~ 6 knots with the AHTS Alp Guard support vessel.
 
Expect soon there will be an announcement as to how much of the day-rate goes to Seadrill (SDRL) and how much to Northern Drilling (owner of the West Mira ... www.northerndrillingltd.com).  At that point will be able to estimate the respective P&L and cash flow benefit to SDRL and NODL.   T.D.
 


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Msg # Subject Author Recs Date Posted
36988 Re: New Seadrill contract now to start August 1, 2019 Dalian 1 3/14/2019 12:55:44 PM


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