Seadrill secures new drilling contracts in US Gulf of Mexico and Angola [Yahoo! Finance]
Seadrill Limited Common Shares (SDRL)
Last seadrill limited common shares earnings: 8/25 04:01 pm
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Source: Yahoo! Finance
The offshore drilling company secured a four-month contract with LLOG Exploration for the West Neptune rig in the US GoM. This four-month project is scheduled to begin immediately after the conclusion of the rig's current assignment, contributing an estimated $48m to the company's backlog. Seadrill's Sevan Louisiana rig received a contract from an undisclosed operator for a two-month drilling programme, which is set to follow directly after the rig's current contract with Walter Oil and Gas in the US Gulf. The campaign will involve the first use of Trendsetter well-intervention equipment in the region, according to the company. In Angola, Seadrill announced that a five-well option has been exercised, extending Sonangol Quenguela's operations by around ten months. This contract extension commits the rig to work in Angola until February 2027. Seadrill president and CEO Simon Johnson said: “These awards reflect Seadrill's ability to contract preferentially in direct continua
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News
- Seadrill Announces Contract Awards in the U.S. Gulf and Angola [Yahoo! Finance]Yahoo! Finance
- Seadrill Announces Contract Awards in the U.S. Gulf and AngolaBusiness Wire
- Seadrill (NYSE:SDRL) was downgraded by analysts at Citigroup Inc. from a "buy" rating to a "neutral" rating.MarketBeat
- Overbought In A Tight Market: Seadrill's Valuation Overshadows Favorable Dynamics [Seeking Alpha]Seeking Alpha
- Seadrill: Disappointing Quarter But Improving Medium-Term Prospects [Seeking Alpha]Seeking Alpha