SDRL - Seadrill Limited Announces Contract Award for the West Saturn
Hamilton, Bermuda, July 13, 2017 - Seadrill Limited (SDRL or "the Company") has secured a firm contract for one well and one drill stem test with Statoil Brasil Óleo e Gas for the West Saturn in Brazil. The contract also includes a number of option wells to be drilled in blocks where Statoil has license and operatorship. West Saturn is expected to commence operations between December 2017 and January 2018. The backlog for the firm portion of the contract, is expected to be approximately $26 million. The West Saturn will be upgraded with a Managed Pressure Drilling ("MPD") system which is