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West Atlas drill rig to be written-off

West Atlas drill rig to be written-off

SEADRILL has announced it may have to write-off the West Atlas drill rig after it caught on fire in the Timor Sea last week.

The West Atlas drill rig was built by Keppel Fels in 2007 for $129 million but Seadrill has yet to confirm the current state value.

The PTTEP Australasia says they are currently assessing the fire damages and the results will be presented to the National Offshore Petroleum Safety Authority (NOPSA).

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