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Seadrill wins $497 million Exxon contract in Nigeria

Published 08/08/2014, 17:01
Updated 08/08/2014, 17:10
Seadrill wins $497 million Exxon contract in Nigeria
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OSLO (Reuters) - Seadrill (OL:SDRL), the world's biggest offshore driller by market capitalisation, won a two-year $497 million (296.21 million pounds) contract from ExxonMobil (N:XOM) for one of its newly built rigs, the firm said on Friday.

The deal, which also includes a one-year option, is for work in Nigeria, in support of the ERHA North Phase 2 project, the firm said.

The rig, under construction by Samsung Heavy Industries (KS:010140), will be delivered in September.

(Reporting by Balazs Koranyi, editing by Terje Solsvik)

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