Seadrill lands Petrobras drillship extension

John Fredriksen’s Seadrill has been awarded an extension by Petrobras for drillship West Tellus worth around $164m.

The new contract is for 18 months commencing April 2018, and includes a dayrate reduction on the current contract effective from February 26. The rate reduction sees a $132m reduction in backlog, the net result being just $32m added to Seadrill’s overall backlog.

The drillship has been in operation with Petrobras since the second quarter of 2015.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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