Thursday, November 27, 2008

Seadrill, Scorpion, Lewek evaluating Keppel contracts

Energy Current:
"SINGAPORE: Keppel Offshore & Marine Ltd. (Keppel O&M) received indications from Seadrill Ltd., Scorpion Offshore Ltd. and Lewek Shipping Pte Ltd. that they are reviewing their options on newbuilding contracts that were signed in the middle of this year. The contracts under review are for two jackups for Seadrill, a semisubmersible for Scorpion and a multi-functional support vessel for Lewek."


The fact that Scorpion is considering to cancel the semi order is some what surprising as the company allready has a six-year contract for it with Petrobras. Assuming that the contract with PBR is solid, Scorpion has to acquire a deep water vessel elsewhere by 2012. Seadrill's semi West Capricorn is scheduled for delivery in the fourth quarter of 2011 and the vessel doesn't have contract yet.One possibility is that SDRL and SCORE are getting closer to a merger.

UPDATE
It seems that SCORE simply can't get the funding for the rig.

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