The semi-submersible self-erecting tender rig West Berani has been awarded a letter of intent by Newfield Peninsula Malaysia Inc. The contract has a duration of two years, with commencement January 2007. Estimated contract value is approximately US$ 87 million. West Berani is currently under construction, scheduled for delivery in the fourth quarter 2006.
Contact:
Kjell E Jacobsen, +47 51 30 99 19
SeaDrill Limited
Hamilton, Bermuda
July 31, 2006