Fossil Energy – Drilling
Sonadrill has secured a ten-well contract with options for up to eight additional wells in Angola for the West Gemini drillship.
Total contract value for the firm portion of the contract is expected to be approximately $161 million (inclusive of mobilization revenue and additional services), with further meaningful revenue potential from a performance bonus.
Commencement is expected in Q4 2022 with a firm-term of approximately 18 months, in direct continuation of the West Gemini’s existing contract.