Seadrill secures multimillion-dollar contract in Africa

Rig company Seadrill, currently under bankruptcy protection, secures a contract in a joint venture, Sonadrill Holding Ltd, with Sonangol E.P. The contract is estimated at USD 131 million.

Photo: Ints Kalnins/Reuters/Ritzau Scanpix

Rig company Seadrill, which is currently under bankruptcy protection and has magnate John Fredriksen in the ownership circle, has secured a contract in Angola on the west coast of Africa in a 50/50 joint venture with Sonangol E.P.

The contract is a so-called 12-well contract, with one option for nine wells and 11 one-well options in Angola for drilling vessel Sonangol Quenguela.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Argentine port workers strike for access to Covid-19 vaccines

Nine unions representing Argentine port workers have announced a 24-hour strike in protest against the lack of access to coronavirus vaccines. The strike takes place amidst a new coronavirus outbreak in the country, which is a major dry bulk exporter.

Tradelens hopeful that major Maersk rivals will soon be integrated

Hapag-Lloyd and ONE continues to be absent on the digital platform Tradelens even though they announced they would join two years ago. "We are hopeful that they will be joining very soon," says Head of Tradelens Mike White. Hapag-Lloyd expects to make a decision soon.

Further reading

Related articles

Latest news

See all jobs