Seadrill venture in $656 million Qatar rig contract - Reuters:
Seadrill and Gulf Drilling International (GDI) have formed a jointly owned rig firm to conduct exploration on behalf of Qatar Petroleum from 2020 to 2024, Seadrill said late on Thursday.
GulfDrill, a 50-50 joint venture between Seadrill and GDI, will initially operate five so-called jackup rigs on a $656 million contract with Qatar Petroleum. It did not say where the exploration would take place.
The state-owned energy firm also has the option to order further drilling with an additional contract value of up to $700 million.
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