latest news releases from the newsroom
Seadrill Secures Employment for Jack-Up in Tunisia
HAMILTON, Bermuda, April 23, 2007 (PRIME NEWSWIRE) -- Seadrill has been awarded a contract by Candax Energy Inc. through its subsidiary Ecumed Petroleum Tunisia Limited for an assignment in Tunisia with the jack-up drilling rig West Titania. The three wells plus one re-entry firm assignment has an estimated duration of 120 days, excluding mobilization from West Africa. Total contract value is estimated to approximately US$18 million, excluding mobilization. Start-up of operations is scheduled in the beginning of June 2007.
Golar LNG Secures Employment for the World's First FSRU's
HAMILTON, Bermuda, April 23, 2007 (PRIME NEWSWIRE) -- Golar LNG is pleased to announce it has been awarded two time charters by Petrobras to employ Golar Winter and Golar Spirit as a floating LNG storage and regasification vessels ("FSRU"). Employment of Golar Spirit under this contract will commence during Q2 2008, Golar Winter will commence during Q2 2009. Both vessels will be modified to permit regasification of LNG prior to delivery to Petrobras. The contract duration for both vessels is 10 years with an option for Petrobras to extend for a further 5 years. The estimated contract value (excluding the option period) is approximately US$860 million.