Tomahawk, WI 06/04/2014 (Basicsmedia) – Seadrill Ltd (NYSE:SDRL) sifted into the market news as it signed a $1.1 billion pact with Total Upstream Nigeria Ltd., for a 5-year contractual period. A company is deemed to use West Jupiter, a premier sixth generation drilling rig (in fact, the second of the eight rigs’ tally), in due support of the EGINA Ultra-deepwater Offshore Oil drilling project in Nigeria.

Two More Rigs To Reach SDRL By 2015

Seadrill Ltd (NYSE:SDRL) expects to receive two additional rigs from the pioneer— Samsung Heavy Industries, to solicit holistic drilling of the West Carina, West Saturn and four such projects. There have been no prominent contracts or paperwork’s on this aspect, however; the company is deemed to work on these mentioned projects 2015 onwards.

The Capacitous Rigs

SDRL expects to obtain the West Jupiter from Samsung during August 2014. The rig is being precisely designed to allow rigging up to 10K feet inside water. The rig can be easily outfitted to depths of 12K feet and is competent of drilling at depths of 37.5K feet!

The CEO’s Estimates

The CEO of Seadrill Ltd (NYSE:SDRL), Per Wullf, was available to comment on the strategic and mutually benefitting deal with Total and its myriad partners for this all new important prospective project. He added that this pact shall help the company bolster its relationships with key customer bases and build on the available rig fleet across Nigeria.

West Jupiter and West Capella are both Nigerian projects and are deemed to be carried out for offshore drilling in Usan. SDRL expects to build upon this presence in the nascent Nigerian Gas and Oil Industry!

The Russian Dreams!

Meanwhile, Seadrill Limited and North Atlantic Drilling Ltd. (NADL) made a mark in the Russian market, powered by a cooperation pact with Rosneft. The company expects to pursue available onshore and offshore growth opportunities relentlessly across the Russian markets till 2022! In this project, Seadrill Ltd (NYSE:SDRL) is ought to remain one of the largest stockholders in NADL. The Russian market is a growing prospect and the tremendous potential can be unveiled by the powerful driving forces of the NADL and SDRL, in association with Rosneft.

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