- OSLO: Seadrill, the world's biggest offshore oil driller by market value, has signed a $184 million deal with Saudi Aramco for the employment of a jack-up rig offshore Saudi Arabia, the firm said.
The contract duration is a minimum of three years plus an option for a one-year extension, Seadrill said.
The potential revenue for the three-year period is approximately $164 million plus a $20 million mobilization fee to cover various upgrades.
FROM: REUTERS