Aquadrill awarded drillship contract by Equinor

Aquadrill, formerly Seadrill Partners, an affiliate of John Fredriksen’s Seadrill Limited, has secured a one-well contract with Equinor for the 2013-built drillship Vela in the US Gulf of Mexico.

The total firm contract value is expected to be around $55m with commencement scheduled for October this year and running until April 2022.

The drillship previously operated in the Gulf of Mexico for BP under a contract that expired in May this year. The rig will be managed and operated by Seadrill Limited, which owns 34 and manages 11 drilling rigs.

Seadrill Partners emerged from chapter 11 at the end of May after completing its reorganisation plan. The plan has equitised around $2.8bn in funded debt obligations, leaving the company debt-free on emergence.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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