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    1. Drilling & Completion

    Seadrill semisub to drill North Sea Balder wells

    Dec. 20, 2019
    Seadrill Ltd. has secured a multiple-well contract with Vår Energy AS for the semisubmersible West Phoenix for work on the Balder re-development project offshore Norway.
    (Courtesy Seadrill)
    The semisubmersible drilling rig West Phoenix.
    The semisubmersible drilling rig West Phoenix.

    Offshore staff

    HAMILTON, Bermuda – Seadrill Ltd. has secured a multiple-well contract with Vår Energy AS for the semisubmersible West Phoenix for work on the Balder re-development project offshore Norway.

    Total contract value for the firm portion of the contract is expected to be about $302 million. The contract is expected to run from the end of 2Q 2021 through 3Q 2023.

    The contract is subject to authority approval of the Balder Future plan for development and operations.

    12/20/2019