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Sevan Drilling ASA's Subsidiary Signs Charter Contract with LLOG


Tuesday, 2 Apr 2013 03:08am EDT 

Sevan Drilling ASA announced that a three-year charter contract for operation in the US Gulf of Mexico now has been entered into between one of its wholly owned subsidiaries and LLOG Bluewater Holdings LLC. Sevan Drilling rig no 3 which will be named Sevan Louisiana, which is currently under construction at Cosco Quidong shipyard in China, will be used for the charter contract. The rig will be capable of drilling in water depths up to 10,000 feet. The Sevan Louisiana is scheduled for delivery in the forth quarter of 2013, and the start of operations under the charter contract is expected to be in January 2014. The total value of the charter contract is in excess of USD 550 million. 

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