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0 0 0.0186915887850467 0.177570093457944 0.476635514018692 0.934579439252336 1.00934579439252 0.887757009345794
Stock impact report

North Atlantic Drilling wins 10-year rig contracts with ConocoPhillips [Seeking Alpha]

NORTH ATLANTIC DRILLING LTD (NADL) 
US:NYSE Investor Relations: nadlcorp.com/investors
Company Research Source: Seeking Alpha
Seadrill (NYSE: SDRL ) premarket as its North Atlantic Drilling (NYSE: NADL ) subsidiary secures 10-year contract awards with ConocoPhillips (NYSE: COP ) for the West Elara and West Linus jack-ups for work at the Ekofisk field offshore Norway. Total additional backlog for the new contract awards is estimated at $1.4B, excluding performance bonuses. The new West Elara contract, which is expected to begin in October 2017, includes a period of fixed dayrates until March 2020 and a market indexed rate applicable thereafter until October 2027. An existing contract for West Linus is extended from May 2019 until end of 2028 at a market indexed dayrate. Now read: ConocoPhillips: Everything Changes Now » Show less Read more
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