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SeaDrill Ltd secures contracts for multiple jack-up units in Mexico

Tuesday, 18 Feb 2014 11:19am EST 

SeaDrill Ltd:Says the final drilling contracts for the jack-up drilling units West Oberon, West Intrepid, West Defender and West Courageous are now executed.Says the fifth contract for the recently acquired jack-up drilling unit, Prospector 3, renamed West Titania, is being processed for approval by Pemex and finalization is expected to take place second quarter.Says each contract is for a firm term of about 6 years and total revenue potential from the five contracts exceeds US$1.8 bln.Says the establishment of SeaMex Ltd., a 50/50 Joint Venture with an investment fund controlled by Fintech Advisory Inc. 

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