ERHC Energy Inc (ERHE)

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West Gemini West Africa Bound
Monday, February 15, 2010 Printer Friendly Email this article

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Seadrill has received a letter of award from an international E&P operator for the ultra-deepwater drillship West Gemini, which is currently under construction, for work offshore West Africa.

The letter of award represents a two-year contract with an estimated contract value of approximately $345 million, including mobilization fee. Seadrill also said that the operator has the right to extend the contract for an additional year at a similar dayrate.

West Gemini is expected to be completed early July 2010 and will subsequently relocate from Korea to West Africa to commence operations under the two-year contract.


http://www.petroleumafrica.com/read_article.php?NID=9106