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Finwire

Seadrill secures drilling contracts worth more than USD 500 million

Offshore drilling company Seadrill has signed new contracts and extended existing agreements for four rigs. This is stated in a press release.

The West Carina drillship has been awarded a contract in Indonesia worth approximately USD 420 million. The agreement runs for 880 days, with options for an additional period of equal length. Commencement is expected during the first half of 2027.

In Malaysia, options for the West Capella have been exercised, adding a total of approximately USD 94 million in contract value. The rig is expected to be employed until February 2028.

In Angola, the joint venture Sonadrill has extended the contract for the Sonangol Libongos by approximately three years, until January 2030.

Sevan Louisiana has also been awarded a 25-day contract with Kosmos in the Gulf of Mexico, starting in November.

According to CEO Samir Ali, more than 85 percent of the fleet’s available drillship days in 2027 are contracted.

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