The New York-listed Bermuda based offshore drilling contractor Seadrill Limited (Seadrill) has announced three contract awards.
The ultra-deepwater drillship West Capella has secured a contract in Malaysia with an undisclosed operator. The well-based program of the drillship is expected to commence in the second quarter of 2026 for an estimated duration of 440 days, plus priced options for three additional wells.
Seadrill states that the total contract value for the firm term is around $157m, including a $5m mobilization fee and excluding additional services.
The West Elara has secured an accommodation contract in Norway with Equinor AS on the Norwegian Continental Shelf. The program is anticipated to commence in the third quarter of 2026 and continue into the fourth quarter of 2027, with a total contract value of $78m, plus three priced options of three months each. Prior to this fixture, Seadrill reached a mutual agreement with the current contract holder to make the West Elara available. This update to the rig’s schedule results in a net increase in total contract value of $23m, as the company states.
Finally, Seadrill informs that the West Carina’s current contract in Brazil has been extended through April 2026.
“We are excited to confirm these important contracts with several of our long-standing customers,” said president and chief executive officer, Simon Johnson. “The reactivation of the West Capella materially enhances Seadrill’s earnings potential in a region with reinvigorated demand for offshore drilling. In Norway, the West Elara’s contract with Equinor represents a harmonious solution to a potential gap in the rig’s operations, reaffirming that Seadrill’s collaborative approach with customers continues to create value for all stakeholders.”
