Seadrill has landed a deal with Statoil Brasil Óleo e Gas for its West Saturn ultra deepwater drillship.
The contract also includes a number of option wells to be drilled in blocks where Statoil has license and operatorship.
West Saturn is expected to start operations between December 2017 and January 2018.
The backlog for the firm portion of the contract, is expected to be approximately $26million.
The West Saturn will be upgraded with a Managed Pressure Drilling (“MPD”) system which is expected to be utilized as part of the upcoming work scope.
The Saturn represents the fifth unit managed by Seadrill equipped with MPD equipment.
It was built in 2014 by Samsung Heavy Designs