Seadrill Limited has secured new offshore drilling contracts and extensions in Indonesia, Malaysia, Angola and the U.S. Gulf, including a $420 million award for the West Carina drillship, strengthening its contracted rig activity through 2030. In Indonesia, the West Carina was awarded a contract with an undisclosed operator valued at approximately $420 million for a […]
Seadrill added more than $860 million to its offshore drilling contract backlog during first-quarter 2026, supported by new deepwater rig awards and extensions across Brazil, the U.S. Gulf and Angola as the company pointed to strengthening demand for offshore drilling services.
Seadrill has secured new offshore drilling work in the U.S. Gulf, adding approximately $260 million to its contract backlog and reinforcing ongoing ultra-deepwater activity in the region.
Seadrill and Sonangol’s Sonadrill joint venture has secured a contract extension for the Sonangol Quenguela drillship in Angola, Seadrill said on Monday.
Kongsberg Maritime, Seadrill and Hanwha Drilling have formed a strategic alliance to develop remote dynamic positioning (DP) technology for offshore drilling operations, aiming to improve safety, efficiency and operational performance.
The Seadrill-owned West Gemini received a 284-day contract with Sonangol Exploração & Produção, beginning in late 2025 or early 2026. The Sonangol Libongos, owned by Sonangol, secured a 525-day contract with Azule Energy Angola, scheduled to begin in the third quarter of 2025 with priced options for extension.
Seadrill Limited has reported a fourth-quarter 2024 net income of $101 million, well over the $32 million for the previous quarter. Fourth-quarter operating revenues totaled $289 million, down 18 percent from $354 million for the prior quarter primarily due to lower contract revenues.