SEADRILL of Norway has won an unconditional letter of award from Petrobras for contracts with a total revenue potential of about $4.1billion over 18 rig years for three new-build deepwater drilling rigs, the West Eminence, West Taurus and West Orion.
West Eminence is being built at Samsung shipyard in South Korea. The rig will be delivered Q4 this year and start work with Petrobras in 2009.
Contract duration is six years and total revenue potential is $1.35billion.
West Taurus is under construction at the Jurong shipyard in Singapore. The rig is also scheduled for delivery late-2008 and to start work in 2009.
Contract duration is six years and revenue potential is $1.42billion.
West Orion is also being built at the Jurong shipyard in Singapore. The rig is scheduled to be delivered Q2 2010 and start work the same year.
Contract duration is six years and revenue potential is $1.35 billion.