Increased Backlog and Contract Wins
Seadrill added over $300 million to its backlog, bringing the total contracted backlog to approximately $2.5 billion, securing new contracts across 5 rigs.
Strong Performance in Angola
The Sonadrill joint venture in Angola secured new work for all 3 rigs, including a 525-day program for the Sonangol Libongos and a 210-day program for the Sonangol Quenguela, reaffirming Seadrill's position as the #1 drillship operator in Angola.
Operational Excellence in the U.S. Gulf
Seadrill's rigs in the U.S. Gulf, including the West Vela and Sevan Louisiana, secured new contracts and demonstrated high operational performance, with the West Vela achieving near-perfect technical uptime in excess of 99.7%.
Technological Advancements
The West Neptune commenced operations with a new Managed Pressure Drilling (MPD) system, and the Sevan Louisiana is being upgraded to enhance its capabilities, showcasing Seadrill's commitment to incorporating advanced technologies.
Positive Market Outlook
Seadrill sees constructive contracting momentum and an uptick in global tendering activity, supporting a broad-based market recovery moving into 2026 and 2027.