Seadrill signs $1.1 billion rig deal with Total

Offshore driller Seadrill signed a five-year, $1.1 billion contract with Total for work offshore Nigeria, it said on Monday.

The contract, for Seadrill’s newly built ultra-deepwater West Jupiter drillship, is worth around $600,000 per day, including mobilisation, according to Reuters calculations.

The vessel will be delivered from Samsung Heavy Industries’ shipyard in Geoje, South Korea in August.