Seadrill Announces Brazil Contract Award for West Tellus
Seadrill Limited Common Shares (SDRL)
Last seadrill limited common shares earnings: 8/25 04:01 pm
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Source: Business Wire
HAMILTON, Bermuda--(BUSINESS WIRE)--Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) today announced the ultra-deepwater drillship, West Tellus, was awarded a 1,095-day contract for the Sépia and Atapu fields in the Santos Basin, offshore Brazil, following a competitive tender process. The contract, awarded by Petrobras, will contribute approximately $498 million to Seadrill’s order backlog, including additional services and excluding a mobilization fee of $41 million. The program is expected to commence in the first quarter of 2026 and includes an optional period of up to 305 additional days. Petrobras holds a 65.7% stake in the shared Atapu field, a 55.3% stake in the shared Sépia field and is the Operator in both areas.“This contract and the recently announced award for West Jupiter deepens our relationship with a key customer at the heart of the deepwater market,” said President and Chief Executive Officer, Simon Johnson. “These fixtures provide approximately $1 bil
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