Seadrill announces West Polaris contract extension in Brazil

Seadrill (SDRL) announced the ultra-deepwater drillship, West Polaris, was awarded a 1,095-day contract extension with Petrobras for the Buzios field in the Santos Basin, offshore Brazil. The additional term adds approximately $480M 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 – $409,200. April 1, 2027 through January 15, 2028 – $454,700.