The New York-listed and Bermuda-based offshore drilling contractor Seadrill Limited (Seadrill) has announced that the ultra-deepwater drillship, West Polaris, was awarded a 1,095-day contract extension with Petrobras for the Búzios field in the Santos Basin, offshore Brazil.
The additional term adds approximately $480m in contract backlog, Seadrill said, and is expected to commence in direct continuation of the current program in January 2028.
The current contracted dayrate has in addition been updated to US$409,200 from April 1, 2026 through March 31, 2027, and US$454,700 from April 1, 2027 through January 15, 2028.
Seadrill’s president and chief executive officer, Samir Ali, commented, “This award enhances Seadrill’s earnings visibility for a mature asset into the next decade. It provides significant value to both Seadrill and Petrobras, while strengthening our relationship with a valued, long-term partner.”
