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Seawolf Signs N 22 billion Contract on Drilling Rig With Exxon

By on September 24, 2012

Seawolf Oil Services Ltd., a Nigerian offshore drilling company, said it signed a 22 billion naira ($140 million) contract to provide one of its three rigs to Exxon Mobil Corp.

The Oritsetimeyin rig will be contracted to ExxonMobil for two years starting from the third quarter of next year, the company said today in an e-mailed statement from Lagos, the commercial capital.

Its Onone and Delta Queen units are signed to Addax Petroleum, the Nigerian unit of China Petroleum & Chemical Corp., and Conoil Plc (CONOIL), the company said.


Source: Bloomberg