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  • North Atlantic Drilling Ltd. secures contract for West Phoenix by Total EP UK Limited
    édité le 10/07/2015 - Plus de news de "SEADRILL" - Voir la fiche entreprise de "SEADRILL"


North Atlantic Drilling Ltd. secures contract for West Phoenix by Total EP UK Limited
North Atlantic Drilling ("NADL" or "the Company") has been awarded a contract extension for the semi-submersible rig West Phoenix by Total E&P UK Limited, commencing mid-March 2016 and securing work for the unit through the end of August 2016. The total revenue potential for the contract extension is approximately $62 million.

A portion of the $62 million will be paid during the currently anticipated idle period from the beginning of September 2015 to the middle of March 2016. The Company has the ability to market the rig for alternate work during this period.

As part of the agreement to extend the West Phoenix, the Company has agreed to a dayrate reduction on the current contract effective from June 1, 2015 until its expected conclusion at the end of August 2015, resulting in a reduction to the remaining revenue potential of approximately $16 million.

About North Atlantic Drilling Ltd.

NADL is an offshore harsh environment drilling company with focus on the North Atlantic region. The Company has eight drilling units in the fleet, including four semi-submersibles, a drillship, and three jack-up rigs. Seadrill Limited currently owns 70% of the outstanding shares and the company is listed on the New York Stock Exchange and on the Norwegian OTC exchange.



Origine : Communiqué SEADRILL

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