Seadrill Update on Petrobras Contracts

Source: www.gulfoilandgas.com 2/13/2015, Location: South America

Seadrill Limited announced that Petrobras approval had been received for the extensions of its ultra-deepwater semi-submersibles the West Taurus and West Eminence. Due to recent developments within Petrobras, the Company no longer believes the contracts will be concluded in the timeframe or on the previously approved commercial terms.

Consequently, Seadrill will remove US$1.1 billion from the backlog reported in its third quarter earnings release.

Seadrill continues to work with Petrobras and its partners to find a mutually agreeable commercial solution.

At the time of the third quarter earnings release Seadrill also announced approval for contract awards on the Libra Field for the ultra-deepwater drillships the West Tellus and West Carina. The final contracts have been signed and commencement of operations is expected to begin in the second quarter of 2015.

For more information about related Opportunities and Key Players visit Brazil Oil and Gas Projects


Germany >>  8/18/2022 - Neptune Energy announced drilling has begun on a new production well at its operated Romerberg oil field in the Rhine Valley, south-western Germany....
United States >>  8/18/2022 - An oil exploration and production firm called Laredo Oil, Inc. (LRDC) ("Laredo Oil") announced that its wholly owned subsidiary, Lustre Oil Company, L...

Norway >>  8/15/2022 - The Norwegian Petroleum Directorate (NPD) has granted PGNiG Norway Upstream AS drilling permit for well 6608/1-1 S, cf. Section 13 of the Resource Man...
Norway >>  8/12/2022 - Aker BP ASA, operator of production licence 941, has concluded the drilling of wildcat well 6507/3-15.

The well was drilled about 14 km nor...


Australia >>  8/9/2022 - Central Petroleum Limited (“Central”) advises that as at 0600 hrs ACST on 8 August 2022, the Palm Valley 12 (PV12) well in OL3, Southwest of Alice Spr...
Norway >>  8/9/2022 - The Petroleum Safety Authority Norway has given Equinor consent for exploration drilling in block 6507/8 in the Norwegian Sea.

Operator: E...


Related Categories: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 

Related Articles: Artificial Lift  Cementing, Stimulation  Directional Drilling  Drilling  Drilling Engineering & Equipment Systems  Enhanced Oil Recovery  General  Logging, Perforating, Testing  Offshore Drilling  Reservoir/Completion Consultants  Workover & Well Services  Workover Rigs/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.