Seadrill announces contract awards

Seadrill (SDRL) is pleased to provide the following contracting updates for the West Capella, West Elara and West Carina. In Malaysia, the ultra-deepwater drillship West Capella has secured a contract with an undisclosed operator. The well-based program is expected to commence in the second quarter of 2026 for an estimated duration of 440 days, plus priced options for three additional wells. The total contract value for the firm term is approximately $157M, including a $5M mobilization fee and excluding additional services. In Norway, the West Elara has secured an accommodation contract with Equinor AS on the Norwegian Continental Shelf. The program is anticipated to commence in the third quarter of 2026 and continue into the fourth quarter of 2027, with a total contract value of $78M, plus three priced options of three months each. Prior to this fixture, Seadrill reached a mutual agreement with the current contract holder to make the West Elara available. This update to the rig’s schedule results in a net increase in total contract value of $23M. In Brazil, the West Carina’s current contract has been extended through April 2026.