Seadrill Provides Commercial Updates on West Vela, West Capella, and West Auriga
Seadrill Limited Common Shares (SDRL)
Last seadrill limited common shares earnings: 8/25 04:01 pm
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US:NYSE Investor Relations:
seadrill.com/investor-relations.aspx
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Source: Business Wire
HAMILTON, Bermuda--(BUSINESS WIRE)--January 29, 2024-- Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) announces multiple contract awards totalling approximately $97.5 million in value, in addition to an update on the West Auriga.Talos Production Inc. has awarded the West Vela a contract with an estimated duration of 150 days in the U.S. Gulf of Mexico. The contract is expected to commence in the third quarter of 2024 and represents a total contract value of approximately $73.5 million, excluding managed pressure drilling (MPD) services.The operator of the West Capella exercised a one-well option with the existing third-party manager, extending its operations by approximately two months. The contract is in direct continuation of the rig’s current program and represents a total contract value of approximately $24.0 million.Seadrill has been advised by the current manager of the West Auriga that the rig will be released in February 2024 due to changes in their clie
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