Hamilton, Bermuda – North Atlantic Drilling has been awarded an 18 month contract extension for the drillship West Navigator by A/S Norske Shell.
This contract extension will secure employment for West Navigator until end of June 2014. The estimated revenue value for the contract extension is US$320 million.
Alf C Thorkildsen, Chief Executive Officer in Seadrill Management AS says, ‘Shell’s decision to extend the contract for West Navigator reflects the performance of the drillship and a tightening market for quality drilling units in the North Atlantic area. We are very pleased to further enhance our relationship with Shell as a key client and increase the earnings visibility for our Company.’
Seadrill has a 77% ownership interest in North Atlantic Drilling Ltd.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 109,226 members that receive our newsletter.
Have a news tip? Let us know.
The U.S. Department of the Interior has announced a substantial offshore wind energy lease sale set for October 29, 2024. The sale will cover eight areas off the coasts of...
(Bloomberg) — The price to rent a deepwater drilling rig may climb to near record levels if demand from oil companies continues to increase in the coming years, according to the head...
Equinor’s floating production, storage and offloading vessel (FPSO) for the Johan Castberg field has been successfully anchored in the Barents Sea, marking a significant milestone in Norway’s offshore oil industry....
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 109,226 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
