Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Seadrill Ltd    SDRL   BMG7945E1057

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Seadrill to Buy Ultradeepwater Rig from Songa for $590 Million

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/16/2012 | 01:34pm CEST
   By Ben Fox Rubin 
 

Seadrill Ltd. (SDRL, SDRL.OS) said it agreed to buy the ultradeepwater semisubmersible rig Songa Eclipse from Songa Offshore SE (SONG.OS) for $590 million, giving Seadrill increased exposure to the ultradeepwater market.

The Norwegian oil-services company said it intends to take delivery of the rig in December and expects the acquisition to have an immediate impact on cash flow and financial results.

"This investment is in line with our strategy of building a modern fleet through selective acquisitions and organic growth. The ultradeepwater market is in a strong cycle, something we expect to prevail over the coming years," Fredrik Halvorsen, chief executive of Seadrill Management AS, said.

The rig was delivered from the Jurong Shipyard in Singapore in 2011 and is currently operating for Total S.A. (TOT, FP.FR) off the shores of Angola on a fixed contract ending December 2013. Total has three one-year options to extend the contract. The rig has the same design as four of Seadrill's existing rigs.

The Seadrill, which provides drilling and well services, focuses on deepwater drilling. In August, the company said its second-quarter earnings fell as higher operating expenses masked the company's rise in revenue.

Shares were down 0.9% premarket at $37.17. As of Thursday's close, the stock was up 13% since the start of the year.

Write to Ben Fox Rubin at [email protected]

Corrections & Amplifications

This item was corrected at 11:47 a.m. EDT to correctly spell Songa Offshore SE (SONG.OS) in the headline. The original misspelled it as Songo.

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SEADRILL LTD
05/26 SEADRILL : SDRL Appoints New CEO
05/25 THURSDAY SECTOR LAGGARDS : Oil & Gas Exploration & Production, Transportation Se..
05/24DJSEADRILL : Says Debt Restructuring Talks Are Progressing
05/24 SEADRILL LTD : Today's Research Reports on Stocks to Watch: Seadrill and Atwood ..
05/24 SEADRILL : SDRL - Anton Dibowitz appointed CEO
05/24 SEADRILL : beats 1Q profit forecasts
05/24 SEADRILL : SDRL - Anton Dibowitz appointed CEO
05/24 SEADRILL : SDRL - Seadrill Limited Announces First Quarter 2017 Results
05/17 SEADRILL : SDRL - Q1 2017 earnings release date and conference call information
05/17 SEADRILL : SDRL - Q1 2017 earnings release date and conference call information
More news
Sector news : Oil & Gas Drilling - NEC
2016DJDiamond Offshore, Helmerich Revenue Declines Not as Bad as Feared
2016DJASIAN SHARES : Stocks in Japan Recover, for the Moment -- Update
2016DJAsia Markets Rally After Overnight Jump in Oil Prices
2016DJStatoil Ends Rig Deal After Fatal Accident
2016DJCHINA OILFIELD SERVICES : Statoil Petroleum Terminates Drilling Contract
More sector news : Oil & Gas Drilling - NEC
News from SeekingAlpha
12:25a Fun Trading Takeaways From Seadrill Partners' First-Quarter Results
05/26 OPEC Decision Slammed Drillers
05/24 Seadrill's (SDRL) CEO Per Wullf on Q1 2017 Results - Earnings Call Transcript
05/24 SEADRILL PARTNERS : Expect Restructuring News In June
05/24 Seadrill +15% on Q1 beat, new CEO to replace Wulff, "advanced" debt talks
Advertisement
Financials ($)
Sales 2017 2 088 M
EBIT 2017 150 M
Net income 2017 -106 M
Debt 2017 8 373 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018
EV / Sales 2017 4,14x
EV / Sales 2018 4,43x
Capitalization 269 M
More Financials
Chart SEADRILL LTD
Duration : Period :
Seadrill Ltd Technical Analysis Chart | SDRL | BMG7945E1057 | 4-Traders
Full-screen chart
Technical analysis trends SEADRILL LTD
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 10
Average target price 2,07 $
Spread / Average Target 296%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
John Fredriksen Chairman & President
Mark Morris Chief Financial Officer
Alexandra Kate Blankenship Independent Director
Georgina E. Sousa Secretary & Director
Paul Matison Leand Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SEADRILL LTD-84.68%269
SINOPEC OILFIELD SERVI..-4.39%7 251
CHINA OILFIELD SERVICE..-4.29%6 957
HELMERICH & PAYNE, INC..-30.50%5 827
PATTERSON-UTI ENERGY, ..-22.03%4 562
TRANSOCEAN LTD-34.53%3 738
More Results