Seadrill Partners LLC (OTC:SDLPQ) (Seadrill Partners) has secured a four well contract plus an option for up to seven additional wells for the West Capella in Malaysia. 

Seadrill Partners Announces Contract Award for the West Capella
Caption: Drilling ship West Capella - Image courtesy of Alan Soutar

Total Contract Value for the firm portion of the contract is expected to be approximately $43 million with commencement expected in May 2021 and running to November 2021.

The rig is a 6th generation ultra-deepwater drillship built by Samsung Heavy Industries in 2008. Its maximum water depth is 10,000 feet while the maximum drilling depth is around 37,500 feet.

Source: Seadrill