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ESV - Seadrill Partners: West Capella New Contract Is A Very Important Data Point
Ensco plc Class A
West Capella
As I outlined in my recent articles on Seadrill Partners (SDLP) (here and here), the company needs to position itself for 2020 to make sure that negotiations with lenders go well and it can continue as a viable operation. In this light, any contract news is very important for Seadrill Partners.
This time, the company announced that it has secured a contract for drillship West Capella. The rig was contracted by Petronas to work in Malaysia starting in the third quarter of 2018. The contract has two options. Bassoe