Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) today announced the ultra-deepwater drillship, West Jupiter, was awarded a 1,095-day contract in Brazil following a competitive tender process. The contract, awarded by Petrobras, will contribute approximately $493 million to Seadrill’s order backlog, including additional services and excluding a mobilization fee of $31.5 million. The program is expected to commence in the first quarter of 2026.
“Seadrill is pleased to have successfully re-contracted the West Jupiter with Petrobras. We were recognized as ‘Drilling Contractor of the Year’ by Petrobras earlier in 2024 and we look forward to continuing our successful relationship with this key customer,” said President and Chief Executive Officer, Simon Johnson. “With six drillships in Brazil, Seadrill is well-positioned in a resilient deepwater market with industry leading contract durations providing unparalleled visibility to Seadrill’s future earnings profile.”