offshore freedom jack-up rig

Seadrill’s West Freedom Jack-Up Contracted Offshore Venezuela

gCaptain
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July 11, 2013

Image: Seadrill

Seadrill has announced a new contract for their LT-Super 116E jack-up rig West Freedom with Cardon IV Venezuela, an ENI SpA and REPSOL joint venture.

The rig will be working offshore Venezuela for a firm period of at least 30 months plus an option for a 6 month extension.  In their emailed statement this morning, Seadrill notes the value of the initial contract to be upwards of $222 million inclusive of an estimated $8.5 million of mobilization.

The West Freedom is currently operating in Qatar and will likely be available to commence its charter in late September 2013.

 

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