Seadrill’s Seadrill Partners has received an early termination notice for a contract for semi-submersible self-erecting tender assisted drilling rig West Vencedor.
The semi-tender rig was contracted for work offshore Cote d’Ivoire commencing in the third quarter of this year. West Vencedor has just come off contract in Myanmar and will now stay in Southeast Asia.
Seadrill Partners will receive an early termination payment, however says the cancellation will decrease its backlog by $20m.