(WO) – Seadrill has secured new offshore drilling work within the U.S. Gulf, including roughly $260 million to its contract backlog and reinforcing ongoing ultra-deepwater exercise within the area.
The corporate was awarded a 365-day contract extension for the West Neptune drillship, with work set to start in September 2026. As well as, the West Vela drillship secured a 270-day contract, anticipated to start in August 2026. Each awards come from LLOG Exploration, a subsidiary of Harbour Vitality.
CEO Samir Ali stated the contracts construct on a long-standing relationship with LLOG and replicate sturdy operational efficiency from each rigs. He added that the backlog progress helps income visibility and free money movement, even because the U.S. Gulf market experiences near-term softness.
Seadrill expects world floater utilization to enhance heading into 2027, positioning each rigs for continued demand.