Seadrill confirms contract for West Capella

Norway-based drilling contractor Seadrill confirms that a consortium of international operators has signed the award for the long-term contract to utilize the ultra deepwater drillship West Capella on a world wide assignment.

The contract has a firm duration of five years, and estimated contract value is approximately US$970 million, including mobilization fee.

West Capella is currently under construction at the Samsung Shipyard in South Korea and is scheduled for commencement of operations in the first quarter 2009.