Energy
Seadrill secures global rig contracts and extensions
Offshore drilling contractor Seadrill has announced a series of new contracts and extensions across Asia, Africa, and the United States.
Key points
- The West Carina drillship secured an 880-day contract in Indonesia valued at approximately $420 million.
- Malaysia operations for the West Capella were extended by exercising all remaining priced options.
- Sonadrill extended the Sonangol Libongos contract in Angola through January 2030.
Contract awards
According to Offshore Energy, offshore drilling contractor Seadrill has announced a series of new deployment agreements and extensions for its high-specification fleet. The awards span operations in Indonesia, Malaysia, Angola, and the United States Gulf.
The West Carina ultra-deepwater drillship secured a firm contract with an undisclosed operator in Indonesia. The agreement spans an estimated 880 days, beginning in the first half of 2027, with a value of approximately $420 million for the firm term.
In Malaysia, options were exercised to extend the West Capella drillship operations through February 2028, adding approximately $94 million in total contract value across priced and unpriced extensions. Meanwhile, the Sevan Louisiana semi-submersible drilling rig secured a 25-day assignment with Kosmos in the U.S. Gulf starting in November 2026.
Regional extensions
In Africa, Sonadrill—Seadrill's joint venture with an affiliate of Sonangol—secured a contract extension in Angola. The agreement commits the Sonangol Libongos ultra-deepwater drillship through January 2030.
Seadrill President and Chief Executive Officer Samir Ali stated that the West Carina award achieved the company's objective to reprice legacy day rate contracts to current market levels. He added that the commercial execution enhances revenue visibility for 2027, with over 85 per cent of available drillship days across the fleet contracted.
Original reporting
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