Rig: West Vela

Name West Vela
Owner Seadrill Ltd
Manager Seadrill Partners LLC
Rig Type Drillship
Sub Type Ultradeep Water
Jackup Type --
Max Water Depth (ft) 10000
Max Drill Depth (ft) 37500
Dimensions (ft) 748 x 160 x 62
Leg Length (ft) --
Competitive Yes

Current Location

Country USA
Region North America

Drilling Equipment

Drawworks Type National Oilwell Varco SSGD-1250
Drawworks HP 6900
Mud Pumps Type National Oilwell Varco 14-P-220 Triplex
Top Drive National Oilwell Varco TDX-1250
Hookload Capacity (lbs) 2500000

Rig Construction Details

Rig Design Samsung
Rig Model 12000 Double Hull
Year Built 2013
Country of Build South Korea
Yard Name Geoje (Koje) Shipyard
Group Yard Name Samsung Heavy Industries (SHI)

Rig Contract Details

Operating Status Operational
Operator BP

Rig Images

News

4 Nov 2014

Seadrill sells drillship to MLP Seadrill Partners

Seadrill Limited (Seadrill) announced today that it has entered into an agreement with Seadrill Partners pursuant to which the Company will sell to Seadrill Capricorn Holdings LLC, Seadrill Partners' 51% owned subsidiary (Capricorn Holdings), all of the ownership interests in the entities that own and operate the drillship, the West Vela (the Vela Acquisition). The Vela Acquisition, which is expected to close within 3 days, will be accomplished through a series of purchases, contributions and assumption of debt. The West Vela is a 6th generation, dynamically positioned drillship delivered from the Samsung shipyard to its current customer, BP, in November 2013. The West Vela is expected to carry out operations in the U.S. Gulf of Mexico until the end of its contract in November 2020. The implied purchase price of the Vela Acquisition is USD900 million, less USD433 million of debt outstanding under the existing facility financing the West Vela. Based on Seadrill Partners' 51% ownership of Capricorn Holdings, its portion of the net purchase price after debt will be USD238 million.

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