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New Rig Contract For Work Offshore Brazil

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Seadrill has been awarded a fresh contract with Petrobras for the charter of a rig to carry out development drilling in the giant Buzios pre-salt field offshore Brazil.

The new contract, worth about $264 million, will see Seadrill operating the drillship West Jupiter in the highly productive Santos basin field for a period of 1040 days, with commencement expected in December next year.

Seadrill was the low bidder in a Petrobras tender earlier this year, submitting the drill ships West Tellus, West Carina and West Jupiter for day rates close to $300,000, as previously reported by Upstream.

Last month, Petrobras signed contracts for the West Tellus and West Carina, both of which are set to start their respective three-year charters in Buzios in September.

“Petrobras is a long-standing and valued customer of Seadrill and signing a third contract with them this quarter is testament to our strong partnership and commitment to the Brazilian market,” Seadrill CEO Stuart Jackson said.

“Seadrill is focused on growing our fleet in strategic basins where we see high growth potential, such as Brazil, where we are now the largest international drilling contractor.”

Besides the three rigs hired by Petrobras for Buzios, Seadrill also has the drillship West Saturn operating for US supermajor ExxonMobil offshore Brazil.

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