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Hamilton, Bermuda, September 4, 2019 -- Sonadrill Holding Ltd
("Sonadrill"), Seadrill Limited's ("Seadrill") 50:50 joint venture with
an affiliate of Sonangol E.P. ("Sonangol"), has secured a nine well
contract with six options, each for one well, in Angola for the Libongos
drillship. The estimated total contract value is $101 million with
commencement expected late Q3 2019 and running to early 2021.
The Libongos is the first of two Sonangol owned drillships to be
bareboat chartered into Sonadrill along with two Seadrill-owned or
managed units. Seadrill will manage and operate the four units on behalf
FORWARD LOOKING STATEMENTS
This news release includes forward looking statements. Such statements
are generally not historical in nature, and specifically include
statements about the Company's plans, strategies, business prospects,
changes and trends in its business, the markets in which it operates and
its restructuring efforts. These statements are made based upon
management's current plans, expectations, assumptions and beliefs
concerning future events impacting the Company and therefore involve a
number of risks, uncertainties and assumptions that could cause actual
results to differ materially from those expressed or implied in the
forward-looking statements, which speak only as of the date of this news
release. Consequently, no forward-looking statement can be guaranteed.
When considering these forward-looking statements, you should keep in
mind the risks described from time to time in the Company's filings with
the Securities and Exchange Commission, including its Annual Report on
Form 20-F (File No. 333-224459). The Company undertakes no obligation to
update any forward looking statements to reflect events or circumstances
after the date on which such statement is made or to reflect the
occurrence of unanticipated events. New factors emerge from time to time,
and it is not possible for the Company to predict all of these factors.
Further, the Company cannot assess the impact of each such factor on its
business or the extent to which any factor, or combination of factors,
may cause actual results to be materially different from those contained
in any forward looking statement.
This information is subject to the disclosure requirements pursuant to
Section 5-12 the Norwegian Securities Trading Act
(END) Dow Jones Newswires
September 03, 2019 20:11 ET (00:11 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.