Gulfdrill, a joint venture between Seadrill and Gulf Drilling International, has secured contract extensions for three jackup rigs working in Qatar.
The West Castor jackup rig, which is bareboat chartered to Gulfdrill by Seadrill, received a contract extension, together with the two jackup rigs that are bareboat chartered to Gulfdrill by a third-party shipyard.
The total contract value of the three contract extensions is around $343m and extends these contracts until 2026.
The bareboat charter rates payable in connection with the associated extension periods represent a significant increase relative to the existing rates, Seadrill said.
Seadrill’s order backlog as of May 23, 2023, stands at $2.6bn. The company has three jackup rigs, the West Castor, West Telesto, and West Tucana, on bareboat charter in Qatar to Gulfdrill.
