TheOslo-listed rig contractor has so far failed to line up a contract for theSevan Developer under construction at Cosco Shipyard, with delivery of the unitnow delayed from the scheduled date of 30 April to the third quarter this year dueto delays in supplies of subsea equipment to the yard.

Dominantowner Seadrill last year took over management and marketing of Sevan’s rigfleet including the Sevan Driller and Sevan Brasil operating for Petrobras offBrazil, and the recently delivered Sevan Louisiana due to to start work forLLOG Bluewater Holdings in the Gulf of Mexico in April.

Seadrill,