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Seadrill wins contract in Angola

Energy Capital & Power by Energy Capital & Power
May 18, 2021
in Africa, Angola, Energy, Gas, Natural Resources, Oil
Reading Time: 1 min read
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Offshore drilling contractor Seadrill has won a US$131M 12- well contract for the  Sonangol Quenguela drillship via Sonadrill – its local joint venture with a Sonangol subsidiary – with one option for nine wells and eleven one-well options in Angola.

Start-up is expected in the first quarter of 2022 and will continue until the third quarter of 2023.

“Sonadrill is a strategic partnership in an important deepwater basin. The operational excellence and experience of our team has driven this expansion of the joint venture. Securing the contract for the Sonangol Quenguela drillship is a great achievement, and is testament to the confidence that our partners and clients have in the company and its staff,” says Seadrill’s Chief Executive Officer, Stuart Jackson.

Sonadrill is a joint venture created between Empresa de Serviços e Sondagens de Angola, a subsidiary of national oil company Sonangol, and Seadrill. The Angolan company owns the Sonangol Libongos and Sonangol Quenguela drillships to the venture, while its Bermuda-headquartered counterpart, which has extensive drilling expertise in Angola, is expected to add two of its own ships to the Sonadrill fleet.

The contract is contingent on National Concessionaire approval.

Also read: China buys one third of Angola’s gas in Q1 2021

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Via: Energy Capital & Power
Tags: Angolacrude oilDrillingNatural GasNatural Resourcesoffshore drillingSeadrill wins contract in AngolaSonadrillSonangolанголаأنغولاアンゴラ安哥拉
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Energy Capital & Power

Energy Capital & Power

Energy Capital & Power is the African continent’s leading investment platform for the energy sector. Through a series of events, online content and investment reports, we unite the entire energy value chain – from oil and gas exploration to renewable power – and facilitate global and intra-African investment and collaboration.

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