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SeaDrill Ltd And Sapurakencana Petroleum Berhad Announce $2.7 Billion Petrobras Contract


Friday, 28 Jun 2013 08:45am EDT 

SeaDrill Ltd and SapuraKencana Petroleum Berhad (SapuraKencana) announced that their jointly owned entity, Sapura Navegação Marítima S.A., Brazil (SNM) has been awarded a contract from Petróleo Brasileiro S.A. (Petrobras) to charter and operate three Pipe Laying Support Vessels (PLSV's). The contract is for a period of eight years with an extension option for an additional eight years and is expected to commence by the second quarter of 2016. Total revenue potential for the contract is expected to be US$2.7 billion. 

Company Quote

40.49
-0.16 -0.39%
2 Jul 2013