Continental Focus, International Reach

Sonadril Secures Nine-Well Contract

Thursday, September 5, 2019

Sonangol and Seadrill’s 50/50 JV, Sonadrill, secured a contract with an operator in Angola for use of its Libongos drillship. The contract calls for the drilling of nine wells with six options, each for one well.

The estimated total contract value is $101 million with commencement expected late Q3 2019 and running to early 2021.
The Libongos is the first of two Sonangol-owned drillships to be bareboat chartered into Sonadrill along with two Seadrill-owned or managed units. Seadrill will manage and operate the four units on behalf of Sonadrill.