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Rosneft's Rigs Contracts with Seadrill are at risk

Source: Bloomberg 2/26/2015, Location: Asia

Seadrill also said its 70%-owned subsidiary North Atlantic Drilling believes it will be “very challenging” to close a deal with Rosneft on agreed terms and time, meaning there is “significant risk” related to $4.1 billion of offshore-rig contracts.

International sanctions against Russia forced the parties to delay the agreement last year, and Seadrill no longer includes the contracts in its order backlog. Rosneft’s press service didn’t immediately comment.

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Related Categories: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 

Related Articles: General  Rig Equipment  Rig Operators  Rigs, Coring & Exploration 


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