Exxon Mobil Corporation disclosed that it has awarded a two-year contract extension valued at $422 million to Seadrill.
Under the contract, Seadrill has received a two-year extension for the ultra-deepwater semi-submersible rig West Aquarius, presently operating in Asia under a worldwide contract for ExxonMobil Corporation.
The company stated that an estimated period of 106 days will be required to mobilize the rig and prepare for operations which will be in addition to the firm extension period. On the other hand, it has the option to extend the contract period further for of up to two years.
Under the contract, Seadrill has received a two-year extension for the ultra-deepwater semi-submersible rig West Aquarius, presently operating in Asia under a worldwide contract for ExxonMobil Corporation.
The company stated that an estimated period of 106 days will be required to mobilize the rig and prepare for operations which will be in addition to the firm extension period. On the other hand, it has the option to extend the contract period further for of up to two years.