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Distress Suits Seadrill

Earlier this week, Seadrill Limited announced that it had agreed to acquire two ultra-deepwater semi-submersible drilling rigs, the Seadragon I and Seadragon II, which are currently under construction at Singapore’s Jurong shipyard. The total project price is expected to be $1.2 billion inclusive of all pre-delivery costs, with delivery in 1Q and 4Q 2011.

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Written by: | Categories: Freshly Minted, The Week in Review | January 6th, 2011 |

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