According to the Seadrill’s Fleet Status Report for May, Total has hired the rig on a three-month contract. The contract, expiring in mid-July, will bring approximately $12 million to Seadrill.
Total operates the Yadana field (31.2%). Located on offshore Blocks M5 and M6, this field produces gas that is delivered mainly to PTT (the Thai state-owned company) to be used in Thai power plants.
The Yadana field also supplies the domestic market via a land pipeline and, since June 2010, via a sub-sea pipeline built and operated by Myanmar’s state-owned company MOGE.
Following the completion of drilling operations in Myanmar, the rig will leave south-east Asia in which it has been operating since 2010. West Callisto will move to Middle East to commence drilling operations offshore Saudi Arabia under a three-year contract with Saudi Aramco. The drilling program is scheduled to start in September 2012
- Seadrill Secures Contract for Jack-Up Rig West Callisto Offshore Saudi Arabia (worldmaritimenews.com)
- Seadrill Expects Stronger Second Quarter after Robust 1Q 2012 (mb50.wordpress.com)
- South Korea: Seadrill Confirms Samsung Drillships Contracts (mb50.wordpress.com)
- Strong Demand for UDW Drillships Spurs Seadrill to Order One More from SHI (South Korea) (mb50.wordpress.com)
- Seadrill Orders Harsh Environment Rig in South Korea (mb50.wordpress.com)
- Ezion to Provide Service Rig for Operations Offshore Myanmar (mb50.wordpress.com)