Seadrill Locks In Multi-Region Rig Work as Offshore Demand Tightens [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
Malaysia, Norway, and Brazil, underscoring renewed momentum in the global offshore drilling market. In Malaysia, Seadrill's ultra-deepwater drillship West Capella has secured a well-based contract with an undisclosed operator. The program is scheduled to begin in the second quarter of 2026 and is expected to run for approximately 440 days. The firm portion of the contract is valued at around $157 million, including a $5 million mobilization fee, with additional upside from priced options for three further wells. The award also marks the reactivation of the West Capella, which Seadrill said materially improves earnings visibility in a region seeing a revival in deepwater activity. In Norway, Seadrill's West Elara jack-up rig has been awarded an accommodation contract with Equinor on the Norwegian Continental Shelf. The program is expected to commence in the third quarter of 2026 and extend into the fourth quarter of 2027. The firm contract carries a value of $78 million, with three
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