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4 New ultra-deepwater drillships to be buit by Seadrill

15 Jul 2013

Seadrill Limited has entered into turnkey contracts to build four new ultra-deepwater drillships.
Two drillships will be built at the Daewoo Shipbuilding & Marine Engineering yard and the other two at the Samsung Heavy Industries yard, in South Korea.

The project value price is estimated to be below $600 million per unit (including project management, drilling and handling tools, spares and operations preparations). Delivery of the 4 units is scheduled for the second half 2015 and Seadrill has also received fixed priced options for delivery of two further units for delivery in the first half 2016.

The drillships will have a hook load capability of 1,250 tons and a water depth capacity of up to 12,000 feet targeting operations in areas such as the Gulf of Mexico, Brazil and West and East Africa. These units will also be outfitted with seven ram configuration of the blowout preventer (BOP) stack and with storing and handling capacity for a second BOP. The units include design and equipment features, which makes them particularly attractive for development drilling. For two of the drillships, Seadrill has received options to include equipment which makes the units prepared for 20K BOP systems.

Seadrill's construction program now totals 22 units, including 9 drillships, 2 harsh environment semisubmersibles, and 11 high specification jackups. In addition the Company has fixed priced options for two ultra-deepwater units.