The New York-listed Bermuda based offshore drilling contractor Seadrill Limited (Seadrill) has announced that Equinor Brasil Energia Ltda has exercised a one-year priced option for the ultra-deepwater drillship West Saturn.
Seadrill states that this exercised option adds $114m to contract backlog and extends the original contract, which commenced in 2022, through October 2027.
“The continuation of the contract into a sixth consecutive year reinforces our long-term collaboration with Equinor in Brazil, where we have a shared commitment to delivering safe and reliable offshore operations in a strategically important basin,” says Simon Johnson, president and chief executive officer of Seadrill.
