SDRL - Seadrill orders a new tender rig
Hamilton, Bermuda, April 12, 2012 - Seadrill has exercised an option to build a new tender rig at the COSCO Nantong Shipyard in China. The new unit, T18, is scheduled for delivery in the fourth quarter 2013. Total project price is estimated at US$135 million, including project management, drilling and handling tools, spares, and capitalized interest.T18 is similar to the three tender rigs Seadrill ordered from COSCO last year, with enhanced drilling capabilities allowing for higher drilling efficiency including the advantage of a light weight drilling equipment set.Alf C Thorkildsen,