Seadrill Announces U.S. Gulf Contract Awards for West Neptune and West Vela [Yahoo! Finance]
Seadrill Limited Common Shares (SDRL)
Last seadrill limited common shares earnings: 8/25 04:01 pm
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Source: Yahoo! Finance
Gulf, adding approximately $260 million to contract backlog. The ultra-deepwater drillship West Neptune was awarded a 365 day contract extension, with operations scheduled to commence in September 2026. In addition, the ultra-deepwater drillship West Vela was awarded a program with a duration of 270 days, with an expected commencement in August 2026. "We are pleased to extend our working relationship with LLOG, building on more than a decade of productive collaboration and shared success. The strong operational performance delivered by the West Vela and West Neptune teams continues to help us win follow-on work," said President and Chief Executive Officer Samir Ali. "Securing this backlog enhances revenue visibility and supports free cash flow generation as we navigate near-term softness in the U.S. Gulf. The West Vela and West Neptune are positioned favorably for availability in 2027 as global floater utilization is expected to improve." About Seadrill Seadrill is setting the
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