Seadrill Announces Contract Awards in the U.S. Gulf and Angola
Seadrill Limited Common Shares (SDRL)
Last seadrill limited common shares earnings: 8/25 04:01 pm
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Source: Business Wire
HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) today announced contract awards for the West Neptune, Sevan Louisiana and Sonangol Quenguela.In the U.S. Gulf, the West Neptune was awarded a contract with LLOG Exploration. The four-month program is expected to commence in direct continuation to the current contract, adding approximately $48 million to backlog.Also in the U.S. Gulf, the Sevan Louisiana received an award from an undisclosed operator for a two-month program which is expected to commence in direct continuation to the current contract with Walter Oil and Gas. The campaign will feature the maiden deployment of the Trendsetter well-intervention equipment in the region.In Angola, a five-well option has been exercised which extends the Sonangol Quenguela's operations by approximately ten months, committing the rig into February 2027.“These awards reflect Seadrill’s ability to contract preferentially in direct continuation to c
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