HAMILTON, Bermuda, June 25, 2007 (PRIME NEWSWIRE) -- Seadrill has been awarded a letter of award by A/S Norske Shell, on behalf of the operator Hydro, for the assignment of the deepwater drillship West Navigator on the Ormen Lange field in the Norwegian Sea.
The contract has a duration of four years, and estimated contract value is approximately US$810 million.
West Navigator is currently operating for Shell at the Ormen Lange field under a well by well contract with an estimated duration including options to April 2009. The new contract replaces the current contract with effect from January 1, 2009.
Seadrill Limited Hamilton, Bermuda June 25, 2007