Seadrill to acquire ultra-deepwater Songa Eclipse semi

Seadrill intends to take delivery of the Songa Eclipse, on contract to TOTAL offshore Angola, in December 2012.

A subsidiary of Seadrill has entered into an agreement with Songa Offshore to acquire the Songa Eclipse ultra-deepwater semisubmersible for US$590 million. The rig was delivered from the Jurong Shipyard in Singapore in 2011 and is operating for TOTAL offshore Angola on a fixed contract ending in December 2013. In addition, TOTAL has three one-year options to extend the contract. Seadrill intends to take delivery of the rig in December 2012. “This investment is in line with our strategy of building a modern fleet through selective acquisitions and organic growth,

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