Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) today announced contract awards for the West Neptune, Sevan Louisiana and Sonangol Quenguela.
In the U.S. Gulf, the West Neptune was awarded a contract with LLOG Exploration. The four-month program is expected to commence in direct continuation to the current contract, adding approximately $48 million to backlog.
Also in the U.S. Gulf, the Sevan Louisiana received an award from an undisclosed operator for a two-month program which is expected to commence in direct continuation to the current contract with Walter Oil and Gas. The campaign will feature the maiden deployment of the Trendsetter well-intervention equipment in the region.
Key data points: The growth forecast = 5.0% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities and forecasts in tight gas market to 2031 by type (processed tight gas and unprocessed tight gas), application (residential, commercial, industrial production, power generation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Download free sample pagesIn Angola, a five-well option has been exercised which extends the Sonangol Quenguela's operations by approximately ten months, committing the rig into February 2027.
“These awards reflect Seadrill’s ability to contract preferentially in direct continuation to current contracts and avoid costly white space in a challenging market phase,” said President and Chief Executive Officer, Simon Johnson. “We continue to build backlog into 2026 and beyond, deepening longstanding partnerships with existing and repeat customers.”
