Seadrill Secures Jack-up 'West Freedom' Contract
Seadrill Limited has secured a new contract for the LT-Super 116E jack-up rig West Freedom offshore Venezuela with Cardon IV Venezuela, an ENI SpA and REPSOL joint venture. The contract is for a firm period of 30 months plus an option for a 6 month extension at mutually agreed rates. The potential revenue for the primary contract term is approximately US$222 million inclusive of an estimated $8.5 million of mobilization.
MoorMaster Norwegian Contract for Cavotec
Cavotec secured a significant order for its MoorMaster automated mooring technology at a new bulk handling application in Norway. The project has a substantial financial value & is the largest single MoorMaster order in Europe to date. MoorMaster is a vacuum-based automated mooring technology that eliminates the need for conventional mooring lines. Remote controlled vacuum pads recessed in, or mounted on the quayside or pontoons, moor and release vessels in seconds.
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