Petrobras extends West Tellus drillship contract

Nov 4, 2019

Brazilian oil company Petrobras has extended a contract with Seadrill for the use of a drillship.

Seadrill said on Monday that the contract was for the West Tellus drillship.

Seadrill’s West Tellus is a 6th generation DP3 drillship rated for 3,600m water depth. It was built in 2013 by Samsung Shipyard in South Korea.

According to the offshore drilling contractor, the contract is expected to be valued at approximately $170 million, inclusive of managed pressure drilling and ancillary services. This amount sets the dayrate at around $230,000, which is lower compared to the rig’s previous dayrate of $317,000 (as disclosed in Seadrill’s fleet status report)

The contract is expected to starts in 4Q 2019, in direct continuation of its current contract with Petrobras.

Offshore Energy Today

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