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SeaDrill Limited Message Board

  • patient_lt_investor patient_lt_investor Aug 8, 2014 2:00 PM Flag

    Seadrill's New Contract with Exxon

    NEW YORK (TheStreet) -- SeaDrill (SDRL_) was gaining 1.7% to $36.33 Friday after announcing it won a two-year $497 million contract from Exxon Mobil (XOM_).

    The contract covers the employment of the newbuild ultra-deepwater drillship West Saturn in support of the ERHA North Phase 2 project in Nigeria. The rig is currently under construction at Samsung Heavy Industries in Geoje, South Korea, with an expected delivery date of September 2014.

2.23-0.05(-2.19%)Oct 28 4:02 PMEDT