OSLO, April 16 Offshore drilling firm Seadrill
secured a three-year, $662 million contract from LLOG
Bluewater Holdings LLC for use of its newly built West Neptune
drillship, it said on Tuesday.
The vessel, to be delivered from Samsung Heavy Industries
in June 2014, will be employed in the Gulf of Mexico
and Bluewater will hold an option for a one-year extension.
The deal is for a day rate of just over $600,000 in the
first three-year period, Reuters calculations show, in the
middle of the industry's prevailing price range of
$550,000-$650,000 for ultra-deepwater units.
However, its duration is well beyond the usual, 12-18 month
deals drilling firms generally sign.
Seadrill, controlled by Norwegian-born shipping tycoon John
Fredriksen, is the world's second-biggest drilling firm by
(Reporting by Balazs Koranyi)