Seadrill (SDRL) is constantly in the news this month. We have just discussed its new drillship contract which came at a dayrate of $200,000, and now, the company has reported another very material development - its Angolan joint-venture, Sonadrill, has secured its first contract.
Drillship Libongos will drill in Angola from late Q3 2019 to early 2021. The estimated total contract value is $101 million. Bassoe Offshore estimates that the rig will drill for 495 days at a dayrate of $204,000 (interestingly, Bassoe's first estimate was a dayrate of $215,000 as they