Seadrill secures semi-sub contract from Var Energy

John Fredriksen’s Seadrill has secured a multiple well contract with Var Energy for its semi-submersible rig West Phoenix for work on the Balder re-development project in Norway.

The total contract value for the firm period of the contract is about $302m with commencement expected at the end of second quarter of 2021 and running through the third quarter of 2023.

The contract is still subject to authority approval of the Balder future plan for development and operations.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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