At the sametime, the Oslo-listed rig contractor has now wrapped up a refinancing exercise thatis being partially bankrolled by dominant owner Seadrill, which failed to gainthe necessary shareholder acceptances for a takeover bid earlier this year.
The latestnewbuild, Sevan Louisiana, is set to start the journey to the US Gulf to startwork in the first quarter under a three-year charter with LLOG BluewaterHoldings worth $550 million, giving a dayrate of around $500,000, after delivery from China’s Cosco Shipyard.
However,Sevan
