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Mr. Fredriksen Never Sleeps –Orders HS/HE Jack-up Destined for NADL

Simultaneously with the Ship Finance sale-leaseback, John Fredriksen’s drilling entity, Seadrill Limited announced that it had reached agreement with Jurong shipyard in Singapore for the construction of an HS/HE jack-up rig of the Gusto MSC CJ70 150A design, which is similar to the Seadrill rig West Elara. The rig is projected to have a total project cost of $530 million, including project management, drilling and handling tools, spares and capitalized interest, and is scheduled to be completed at the end of the 3rd quarter 2013.

This is only an excerpt of Mr. Fredriksen Never Sleeps –Orders HS/HE Jack-up Destined for NADL

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