Seadrill says it has received a three-year charter extension for one of its co-owned jack-up rigs from Saudi Aramco.

The extension, which runs until December 2019, is in direct continuation of the current contract and will add around $112.5m in contract backlog.

The AOD III rig is co-owned with a subsidiary of Singapore-listed offshore vessel operator Mermaid Maritime.

“This extension follows the three year extensions of the AOD I and AOD II announced on July 2016,” Seadrill said in a statement.

“The