Seadrill wins multiple contract awards
In Malaysia, Seadrill’s ultra-deepwater drillship West Capella has secured a contract with an undisclosed operator. The well-based program is expected to start in Q2 2026 for an estimated duration of 440 days, plus priced options for three additional wells. The total contract value for the firm term is approximately $157 million, including a $5 million mobilization fee and excluding additional services.
In Norway, the West Elara jackup secured an accommodation contract with Equinor on the Norwegian Continental Shelf. The program is anticipated to start in Q3 2026 and continue into Q4 2027, with a total contract value of $78 million, 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 $23 million.
In Brazil, the ultra-deepwater drillship West Carina’s current contract has been extended through April 2026.
