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SDRL Announces 3 Year Contract Extension for Jack-up AOD III

Source: www.gulfoilandgas.com 12/29/2016, Location: Middle East

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Seadrill Limited (SDRL) has received a three year contract extension from Saudi Aramco for the jack-up AOD III expiring in December 2019. The extension is in direct continuation of the current contract and will add approximately $112.5 million in contract backlog. This extension follows the three year extensions of the AOD I and AOD II announced on July 29, 2016. The three units have been working for Saudi Aramco since 2013 and Seadrill is pleased to continue its long term relationship with Saudi Aramco.

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