Seadrill’s West Tellus Newbuild Gains $150 Million Contract from Chevron China

Seadrill’s West Tellus, a 6th generation drillship currently under construction at DSME, officially has work to do when it get’s delivered in September 2013.

Chevron China Energy Company has signed a contract worth upwards of $150 million for a 180 day project off the coast of Liberia commencing upon delivery.  Immediately following that, notes Seadrill, the rig is in advanced discussions which will likely lead to a two-year contract with another major energy firm.

The West Tellus will be outfitted to work in up to 10,000′ of water and is capable of water depths up to 12,000′ and drilling depths up to 37,000′.

Per Wullf, CEO and President of Seadrill Management Ltd. says in a comment, “The multi jurisdiction contract for West Tellus demonstrates our willingness and ability to contract opportunistically and strategically when it is justified. The initial contract on West Tellus allows us to expand a long standing relationship with a key customer in the ultra-deepwater segment while also providing Seadrill the opportunity to place the West Tellus in West Africa, ready for a follow on contract.”

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