The New York and Oslo-listed Bermuda based offshore drilling contractor Seadrill Limited (Seadrill) has announced contract awards for two of its drillships.
First the drillship “West Capella” has secured a one-well contract in South Korea, with an estimated duration of 40 days, with expected commencement in December 2024, and valued at approximately $32m, including a mobilization fee of approximately $10m and excluding fees for additional services.
Secondly the drillship “West Neptune” has secured a six-month contract extension with an independent operator in the U.S. Gulf of Mexico, expected to start in the third quarter of 2025 in direct continuation of its current contract.
The estimated contract value for “West Neptune” of approximately $86m excludes fees for additional services, including managed pressure drilling (“MPD”).
Seadrill informs that they will upgrade the “West Neptune” with managed pressure drilling (MPD) capabilities during planned out-of-service periods, making it the tenth rig in the company’s fleet with MPD or MPD-equivalent technologies.
Source: Seadrill Limited
