Seadrill has received a Letter of Award from Husky Oil Operations Limited for a new five-year contract for the newbuild harsh environment semi-submersible rig West Mira for operations in Canada and Greenland. Total estimated revenue potential for the contract, including mobilization and performance bonus is approximately US$1.18 billion for the five firm years.

The West Mira is currently under construction at the Hyundai Samho Shipyard in South Korea and delivery is scheduled for Q4 2014. Upon delivery from the yard the rig will commence transit to the east coast of Canada. Start-up of operations is estimated during Q2 2015. The West Mira is designed for drilling in harsh environments and water depths up to 10,000 ft. The unit will be equipped with DP-3 (dynamic positioning) as well as 12 point mooring capability, potential for two six ram blowout preventers and along with 1,000 ton load path capacity.

The West Mira represents one out of ten semi-submersible rigs in the Seadrill fleet capable of operations in harsh environments, eight of which have been delivered since 2008. Seadrill has another harsh environment newbuild, the West Rigel, of similar design as the West Mira, which will be delivered in Q1 2015 from the Jurong shipyard in Singapore that is currently still available for contract.

Tags: Seadrill