Sonadrill Holding, a 50/50 joint venture between Seadrill and Sonangol, has secured a nine-well contract with six one-well options in Angola for its newbuild drillship Sonangol Libongos.
The estimated total contract value is $101m with commencement expected in the third quarter, and running through to early 2021.
The ship is the first of two Sonangol-owned drillships to be bareboat chartered to Sonadrill along with two Seadrill-owned or managed units.
Seadrill will manage and operate the four units on behalf of Sonadrill.