Pemex signs contracts for Seadrill jack ups

Petroleos Mexicanos (Pemex) signed 6-year drilling contracts to use Seadrill Ltd.’s jack up rigs West Oberon, West Intrepid, West Defender, and West Courageous in the Gulf of Mexico. 

A fifth contract for the recently acquired jack up Prospector 3, renamed West Titania, is expected to be finalized during the second quarter.

Total revenue potential from the five contracts exceeds $1.8 billion, Seadrill said. The West Oberon is under construction. The West Defender and West Courageous had worked in southeast Asia until their contracts expired this year.

Seadrill also established SeaMex Ltd., a 50-50 joint venture with an investment fund controlled by Fintech Advisory Inc., to own and manage jack up rigs drilling for Pemex. SeaMex will pursue more opportunities across Latin America.   

"This opportunity to expand our relationship with Pemex was partly developed on the back of Seadrill's successful operations with our ultra-deepwater semisubmersible West Pegasus in Mexico,” said Per Wullf, Seadrill chief executive officer.  

Pemex in 2011 finalized an agreement with Seadrill’s affiliate, Sea Dragon de Mexico, to provide the West Pegasus, formerly Seadragon I (OGJ Online, Apr. 8, 2011).

Related Articles

EIA: Marcellus gas production continues to outpace takeaway capacity

04/25/2014 Rising production of natural gas in the Marcellus shale play in the Appalachian basin continues to outpace the growth in the region’s pipeline take...

Baker Hughes: US drilling rig count leaps to 1,861

04/25/2014 The US drilling rig count jumped 30 units to reach a total of 1,861 rigs working during the week ended Apr. 25, Baker Hughes Inc. reported. The US ...

Gazprom loads first oil shipment from Arctic’s Prirazlomnoye field

04/21/2014 JSC Gazprom Neft has loaded its first shipment of oil produced from Prirazlomnoye field, 60 km offshore in the Russian Arctic shelf. The field was ...

Oil and gas symbols

04/21/2014 Believed to be about 40,000 years old, the "Lion Man" from the Swabian Alps in Germany is widely accepted as the world's oldest known sta...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected