OSLO Nov 12 Rig operator Seadrill has
signed a $1.18 billion five-year deal with Husky Oil Operations
Limited to provide a newly built harsh environment rig for
operations in Canada and Greenland, it said on Monday.
"The award of a five-year contract with commencement in 2015
is also a clear sign of the present tightness in the harsh
environment (and) deepwater drilling market," Seadrill said.
"Seadrill currently has several options and proposals to
increase the newbuild program within this field further," it
said. "A decision regarding further investment within this
segment is likely to be taken shortly."