In this video, Motley Fool Energy Analyst Taylor Muckerman tells us about Seadrill's (SDRL +0.00%) big new $590M purchase: an ultra-deepwater semi-submersible rig. Muckerman tells us how this should have an immediate impact on both the company's cash flow and overall finances. He also discusses some other expansion plans for the ultra-deepwater sector.
A look at the ultra-deepwater sector.
About the Author
Taylor Muckerman was lead energy & materials analyst for fool.com from 2012-2013. He is now Head of Retention for Motley Fool Canada.