Rig: West Sirius

Name West Sirius
Owner Seadrill Capricorn Holdings LLC
Manager Seadrill Partners LLC
Rig Type Semisub
Sub Type Ultradeep Water
Jackup Type --
Max Water Depth (ft) 10000
Max Drill Depth (ft) 35000
Dimensions (ft) 377 x 295 x 118
Leg Length (ft) --
Competitive Yes

Current Location

Country USA
Region North America

Drilling Equipment

Drawworks Type AKMH Wirth GH 4500 EG
Drawworks HP 4500
Mud Pumps Type --
Top Drive National Oilwell Varco TDX-1250
Hookload Capacity (lbs) 2500000

Rig Construction Details

Rig Design Friede & Goldman
Rig Model ExD Millennium
Year Built 2008
Country of Build Singapore
Yard Name Jurong Shipyard
Group Yard Name SembCorp Marine Ltd.

Rig Contract Details

Operating Status Cold Stacked
Operator --

Rig Images

News

30 Mar 2015

BP issues termination notice for 'West Sirius'

Seadrill Partners LLC ("Seadrill Partners") has received a notice of termination from BP Exploration & Production Inc. ("BP") for the contract for the West Sirius which will be effective after having completed the current well and demobilization, which Seadrill Partners estimates to be by early May 2015. Prior to the cancellation notice, the dayrate and term for the West Sirius and West Capricorn contracts were swapped. The West Sirius dayrate was decreased by USD40,000 per day and the term was decreased by two years to expire in July 2017 while the dayrate for the West Capricorn was increased by USD40,000 per day and the term was extended by two years to expire in July 2019. Amortized payments for the West Capricorn such as mobilization and upgrades will continue on the original schedule ending in July 2017. In accordance with the cancellation provisions in the West Sirius contract, Seadrill Partners will receive payments over the remaining contract term, now expiring in July 2017. As a result of the termination, Seadrill Partners' backlog will decrease by approximately USD160 million. After taking into consideration the expected decrease in operational expense while the unit is cold stacked, and the fact that termination fee payments will not be impacted by downtime, Seadrill Partners does not expect a material impact on its cash flow position over the contract period through July 2017.

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