Seadrill’s North Atlantic Drilling and Sembcorp Marine’s Jurong Shipyard have once again extended a standstill agreement to defer delivery of newbuild semi-submersible rig West Rigel.
.The new extension delays the delivery to January 6, 2017 while both parties continue to market the $568m rig for employment or sale. If the rig isn’t employed or sold, the two companies will form a joint asset holding company to market the rig.
An initial standstill agreement was reached in December 2015 when the rig was ready for delivery, and then later extended in June.
