SDRL - Seadrill Moves Into Angola Good News For Seadrill Partners?
In my recent article “Offshore Drilling: Key Topics To Watch In Q4 Reports”, I argued that Seadrill (SDRL) must start contracting its rigs as it was not active on the contracting front during restructuring and it was high time to catch up with leading peers. Apparently, Seadrill is making its first major move — the company has just announced that it entered into a 50:50 joint venture with Angola’s Sonangol.
The new joint venture, Sonadrill, will operate four drillships — two from Sonangol (Libongos and Quenguela, both currently under construction in