HAMILTON, Bermuda–(BUSINESS WIRE)– Seadrill Limited (“Seadrill” or the “Company”) (NYSE: SDRL) today announced 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 $480 million in contract backlog and is expected to commence in direct continuation of the current program in January 2028.
Additionally, the current contracted dayrate has been updated as follows:
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.
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