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Seadrill Limited Fund Information / Factsheet 2010
9186_rns_2010-08-31_b23cbad3-7cf6-465a-984c-5f83cc39cc50.pdf
Fund Information / Factsheet
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| Rig type/Name | Genion/erat4 | Built | Water depth(feet) | Drilling depth(feet) | Location | Current contractPrevious | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| type | Client | Start | Expire | US$Dayrate | S$Dayrate U | |||||
| i-subiblesSemmers | ||||||||||
| t AlphaWes | 4th-HE | 1986 | 2 000 | 23 000 | Norway | BG Crtiumonso | May-09 | Jun-12 | 486000 | 473000 |
| West Venture | 5th-HE | 2000 | 6 000 | 30 000 | Norway | il 5Stato | Aug-10 | Jul-15 | 420000 | 268000 |
| Options | il 5Stato | Aug-15 | Jul-17 | 420000 | ||||||
| 1West Phoenix | 6th-HE | 2008 | 10 0 | 30 0 | Norw | l 5Tota | Jan- | Jan- | 526 | - |
| 00 | 00 | ayUK | Total | 09Jan- | 12Jan- | 000445 | -519 | |||
| West Eminence | 6th-HE | 9 | 00 | 00 | il | s 10Petrobra | 12Jul-09 | 15Jul-1 | 000615 | 000 |
| rculeWest Hes | 6th-HE | 2008 | 10 000 | 30 000 | Braz | y 6Husk | Nov-08 | 5Nov- | 000515 | - |
| 200 | 10 0 | 35 0 | ChinaChina | Husky | Nov-11 | 11May-12 | 000495000 | -515000 | ||
| Option | Husky | May-12 | Nov-12 | 495000 | ||||||
| West Aquarius | 6th-HE | 2009 | 10 000 | 35 000 | Indonesia | n 7Exxo | Feb-09 | Feb-13 | 527000 | - |
| us 2West Siri | 6th-HE | 2008 | 10 000 | 35 000 | GulfOf Mexico | Jul-08 | Jul-14 | 473000 | ||
| West Taurus | 6th-HE | 8 | 00 | 00 | il | BPs 10Petrobra | Feb-09 | Feb- | 647 | - |
| West Orion | 6th-HE | 2000 | 10 000 | 35 000 | Brazil | s 10obraPetr | Jul-1 | 15Jul-1 | 000615 | - |
| ricorWest Capn | 6th- | 2Q14Q1 | 10 010 0 | 35 035 0 | BrazUndctionnstruat Jer couron | 0 | 6 | 000 | - | |
| HE | 1 | 00 | 00 | g | - | - | - | - | - | |
| Drillships | ||||||||||
| West Navigator | Ultra-deeterpwa | 2000 | 7 500 | 35 000 | Norway | l 5Shel | Jan-09 | Dec-12 | 592500 | - |
| larisWest Po | Ultra-deeterpwa | 2008 | 10 000 | 35 000 | ilBraz | n 8Exxo | Oct-08 | Oct-11 | 559000 | - |
| ldwideWor | n 8Exxo | Oct-11 | Oct-12 | 614000 | 559000 | |||||
| t CapellaWes | Ultra-deeterpwa | 2008 | 10 000 | 35 000 | Nigeria | l 9Tota | 09Apr- | Apr-14 | 542000 | - |
| West Gemini | Ultra-deeterpwa | 2Q10 | 10 000 | 35 000 | Transit toAngola | l13Tota | Jul-10 | Sep-10 | Mobilization | - |
| Angola | Total | Sep-10 | Sep-12 | 445000 | - | |||||
| Option | Total | Sep-12 | Sep-13 | 445000 | 445000 | |||||
| Jack-ups | ||||||||||
| West Epsilon | Heavy-duty - HE | 1993 | 400 | 30 000 | Norway | il 5Stato | Oct-06 | Dec-10 | 324000 | 147500 |
| Norway | il 5Stato | Dec-10 | Jan-15 | 270000 | 320000 | |||||
| Options | Jan-15 | Dec-18 | 270000 | - | ||||||
| t Elara (CJ 70)Wes | y-duHeavty - HE | 2Q11 | 450 | 40 000 | g 14Undnstructionat Jer couron | il 5Stato | Aug-11 | Aug-16 | 345000 | |
| t TritWeson | BE | 2008 | 375 | 30 000 | Indonesia | Anadarko | Jun-10 | Sep-10 | 139500 | -116000 |
| o15West Prosper | BE | 2007 | 400 | 30 000 | EastAfrica | RSPOC | Jan-10 | Sep-10 | 196000 | - |
| West Ariel | BE | 2008 | 400 | 30 000 | Vietnam | VSP | Aug-09 | Oct-10 | 135000 | 187000 |
| West Janus | BE | 1985 | 330 | 21 000 | Malaysia | PCPPOC | Aug-08 | Aug-11 | 149500 | 185000 |
| West Larissa | BE | 1984 | 300 | 21 000 | Vietnam | VSP | Jan-10 | Dec-10 | 108000 | 126000 |
| t CallistoWes | BE | 3Q10 | 400 | 30 000 | Indonesia | Premier | Aug-10 | Apr-11 | 119500 | - |
| West Juno | BE | 4Q10 | 400 | 30 000 | Undctionat KFELS-Seadrillnstruer co | has ationo take delivernot tn opy | - | - | - | - |
| West Leda | BE | 3Q10 | 375 | 30 000 | Undctionat PPLnstruer co | PT Pan | Aug-10 | Sep-10 | Mobilization | - |
| Indonesia | PT Pan | Sep-10 | Jan-11 | 138000 | - | |||||
| OffshoreCourageousOffshoreDefende | BEBE | 20072007 | 350 | 30 00030 0 | MalaysiaBraz | ShellobraPetr | Jan-09Mar- | Jan-12Feb- | 161000129 | - |
| rOffshoreResolute | 2007 | 350 | 0030 0 | ilVietnam | sPV Drillin | 10Aug- | 12Oct- | 000105 | -104 | |
| OffshoreVigilant | BEBE | 2008 | 350350 | 0030 000 | Venezuela | gCardon IV | 10Aug-10 | 10Apr-11 | 000155000 | 000110000 |
| Option | May-11 | Oct-11 | 155000 | 155000 | ||||||
| OffshoreepidIntr | BE | 2008 | 350 | 30 000 | Saudbia /i AraKuwait | Odfjell Drilling | May-09 | Nov-12 | 180000 | - |
| OffshoredomFree | BE | 2009 | 350 | 30 000 | Saudbia /i AraKuwait | Odfjell Drilling | Jun-09 | May-13 | 185000 | - |
| OffshoreMischief | BE | 2010 | 350 | 30 000 | Brazil | Anadarko | Jun-10 | Jan-11 | 119000 | - |
| ype/Rig tName | ion/Generat4type | Built | er depthWat(feet) | Drilling depth(feet) | Location | Current contr | act | Previous | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Client | Start | ireExp | US$Dayrate | S$ate UDayr | ||||||
| Tender rigs | ||||||||||
| T3 3 | Barge | 1980 | 410 | 20 000 | Thailand | PTT | Jul-08 | 12Jun- | 83 000 | 58 000 |
| T4 | Barge | 1981 | 410 | 20 000 | Thailand | Chevron | Jul-08 | Jul-13 | 101000 | 48 000 |
| T6 3 | Barge | 1982 | 410 | 20 000 | Thailand | C/Cai/PTTCPOrigalEP | Dec-07 | Nov-10 | 102000 | 68 000 |
| C/Cai/PTTCPOrigalEP | Nov-10 | Mar-13 | 99 000 | 102000 | ||||||
| Options | Mar-13 | Sep-13 | 99 000 | - | ||||||
| T7 | Barge | 1983 | 410 | 20 000 | Thailand | Chevron | Nov-06 | Oct-11 | 62 500 | 40 000 |
| T8 | Barge | 1982 | 410 | 20 000 | Singkedstacapore - warm | - | 125000 | |||
| T9 3 | Barge | 2004 | 6 500 | 30 000 | Malaysia | Exxon | Jan-09 | Jan-12 | 138500 | 115000 |
| 3T10 | Barge | 2007 | 6 500 | 30 000 | JDA-Gulfof Thailand | CarigaliHess | Sep-07 | Aug-10 | 90 000 | - |
| Chevron | Sep-10 | Aug-12 | 120000 | 90 000 | ||||||
| T11 | Barge | 2008 | 6 500 | 30 000 | Thailand | Chevron | May-08 | May-13 | 129000 | - |
| T12 | Barge | 1Q10 | 6 500 | 30 000 | Undctionnstruer co | PTTEP | Apr-10 | Apr-11 | 85 000 | - |
| 3Teknik Berkat | Barge | 1990 | 410 | 20 000 | Malaysia | PetrCarigalionas | Apr-08 | Apr-12 | 129000 | 72 000 |
| West Alliance | Semi-subiblemers | 2001 | 6 500 | 30 000 | Malaysia | Shell | Jan-10 | Jan-15 | 169000 | 99 000 |
| West Berani | i-subibleSemmers | 2006 | 6 500 | 30 000 | Indonesia | coPhillipsCono | Jan-09 | Dec-11 | 164000 | 126000 |
| West Menang | i-subibleSemmers | 1999 | 6 500 | 30 000 | ibiatackedNam- warm s | lTota | Jul-09 | Dec-10 | 99 000 | 164000 |
| West Pelaut | Semi-subiblemers | 1994 | 6 500 | 30 000 | eiBrun | Shell | Apr-09 | 12Mar- | 140000 | 67 000 |
| ia15West Set | Semi-subiblemers | 2004 | 6 500 | 30 000 | Angola | ron11any/CabindaGulfOil CChevomp | Aug-09 | Jul-12 | 161000 | 165000 |
| or15West Venced | Semi-subiblemers | 1Q10 | 6 500 | 30 000 | Angola | ron 12any/CabindaGulfOil CChevomp | Apr-10 | Jul-15 | 202000 | - |
| West Jaya | Semi-subiblemers | 1Q11 | 6 500 | 30 000 | Undctionat KFELSnstruer co | - | - | - | - | - |
Footnotes:
-
Mobilization fee of US$32.5 million is taken to income over the contract period.
-
For West Sirius a mobilization fee of US$29.9 million will be booked as income over the contract period.
-
Owned by Varia Perdana in which Seadrill controls 49 percent.
-
HE - Harsh environment BE - Benign environment
-
Dayrates partly received in Norwegian kroner. Assumed NOK/US$ foreign exchange rate 6.0.
-
For West Hercules a mobilization fee of US$20 million is taken to income over the three year contract period.
-
For West Aquarius a mobilization fee of US$8.2 million is taken to income over the contract period.
-
For West Polaris a mobilization fee of US$23.2 million is taken to income over the contract period.
-
For West Capella a mobilization fee of US$24.2 million will be taken to income over the contract period.
-
Dayrate include 5% performance bonus as well as estimated compensation for taxes and is partly received in Brazilian Real. The mobilization fee of US$39.5 million is taken to income over the contract period.
-
Mobilization fee of US$8.5 million will be taken to income over the contract period for West Setia.
-
Mobilization and demobilization fees of US$20 million will be taken to income over the contract period for West Vencedor.
-
Mobilization fee of US$19.3 million will be taken to income over the contract period for West Gemini.
-
Mobilization fee of US$24 million will be taken to income over the contract period for West Elara.
-
Dayrates partly received in Euros. Assumed EUR/US$ foreign exchange rate of 1.25.
The information contained in this Fleet Update report (the "Information") is as of the date of the report only and is subject to change without notice to the recipient. Seadrill Limited assumes no duty to update any portion of the Information.
DISCLAIMER. NEITHER SEADRILL LIMITED NOR ITS AFFILIATES MAKE ANY EXPRESS OR IMPLIED WARRANTIES (INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE) REGARDING THE INFORMATION CONTAINED IN THIS REPORT, WHICH INFORMATION IS PROVIDED "AS IS."
Neither Seadrill Limited nor its affiliates will be liable to any recipient or anyone else for any inaccuracy, error or omission, regardless of use, in the information set forth in this report or for any damages (whether direct or indirect, consequential, punitive or exemplary) resulting there from.
No Unauthorized Publication or Use. All information provided by Seadrill Limited in this report is given for the exclusive use of the recipient and may not be published, redistributed or retransmitted without the prior written consent of Seadrill Limited.
Client Contract Duration, Timing and Dayrates and Risks Associated with Operations. The duration and timing (including both starting and ending dates) of the client contracts are estimates only, and client contracts are subject to cancellation, suspension and delays for a variety of reasons, including some beyond the control of Seadrill Limited. Also, the dayrates set forth in the report are estimates based upon the full contractual operating dayrate. However, the actual average dayrate earned over the course of any given contract will be lower and could be substantially lower. The actual average dayrate will depend upon a number of factors (rig downtime, suspension of operations, etc.) including some beyond the control of Seadrill Limited. Our client contracts and operations are generally subject to a number of risks and uncertainties, and we urge you to review the description and explanation of such risks and uncertainties in previous prospectus. The dayrates do not include revenue for mobilizations, demobilizations, upgrades, shipyards or recharges.