Seadrill Partners LLC has secured a new two-well plus one-well option contract for its ultra-deepwater drillship West Capella in Malaysian waters.
Total firm contract value is expected to be approximately $20 million with commencement expected in October 2020 and running to early January 2021.
In its second quarter results for the period ended 30 June 2020, Seadrill Partners LLC Members reported a net loss of $1.1 billion(2H19: net loss of $97.1 million). Seadrill Partners LLC Members had an attributable net loss for the quarter of $590.8 million
“Global market sentiment for the quarter has been poor, as the real impacts of COVID-19 and reduced demand have begun to crystallize. While the industry-wide demand deficiencies remain outside our control, we have been concentrating our efforts on what we can influence, namely, our day-to-day operations and our capital structure. Despite the weak market outlook, we are pleased to be adding to our backlog and above all, delivering for our customers including through extended work programs on our rigs.” Anton Dibowitz, CEO said
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