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Seadrill takes DSIC options, considers bonds

Seadrill takes DSIC options, considers bonds
Oslo: Offshore deepwater drilling company Seadrill has exercised options for two further jack-up rigs at Dalian Shipbuilding Industry Offshore Co Ltd (DSIC Offshore).

The drilling units will be capable of operating in up to 400ft of water with a drilling depth of 30,000ft, cost $230m each and will be delivered in the third and fourth quarter 2015.

The order for the pair brings the total number of jack up rigs under construction at DSIC Offshore for Seadrill to six.

Seadrill, listed on the Oslo and New York stock exchanges, also announced today that it is contemplating issuing new senior unsecured bonds in the Norwegian bond market, maturing in March 2018. The issuance would have DNB Markets, Nordea Markets, Pareto Securities, SEB and Swedbank First Securities acting as joint lead managers.

Earlier this year Malaysian oil and gas services group SapuraKencana moved a step closer to a $2.9bn purchase of Seadrill's tender rig fleet by entering into a provisional sale and purchase agreement. The deal is expected to close in April 2013.