Seadrill Announces West Polaris Contract Extension in Brazil
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 the ultra-deepwater drillship, West Polaris, was awarded a 1,095-day contract extension with Petrobras for the Búzios field in the Santos Basin, offshore Brazil.The additional term adds approximately $480 million in contract backlog and is expected to commence in direct continuation of the current program in January 2028.Additionally, the current contracted dayrate has been updated as follows:April 1, 2026 through March 31, 2027 - $409,200April 1, 2027 through January 15, 2028 - $454,700Seadrill’s President and Chief Executive Officer, Samir Ali, commented, "This award enhances Seadrill’s earnings visibility for a mature asset into the next decade. It provides significant value to both Seadrill and Petrobras, while strengthening our relationship with a valued, long-term partner.”About SeadrillSeadrill is setting the standard in deepwater oil and gas drilling. With its mo
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