Seadrill wins Indonesia rig contract and extends three offshore drilling deals
Seadrill secured awards and extensions covering four offshore drilling units in Indonesia, Malaysia, Angola and the U.S. Gulf. West Carina received an approximately $420 million Indonesian contract for a firm 880-day term starting in the first half of 2027, while West Capella received Malaysian extensions and Sonangol Libongos was extended in Angola through January 2030. Sevan Louisiana also won a 25-day Kosmos contract beginning in November 2026, and Seadrill said over 85% of available 2027 drillship days are contracted.
Why it matters
The contracts increase Seadrill’s contracted operating coverage and revenue visibility. CEO Samir Ali said the company expects the awards to support stronger earnings and free cash flow.
Key facts
- 1The West Carina contract in Indonesia is worth approximately $420 million for an estimated firm duration of 880 days, with work expected to begin in the first half of 2027. euro-petrole.com
- 2The West Capella extension adds 120 days and approximately $41 million, while further unpriced options add 120 days and approximately $53 million, with operations expected to continue through February 2028. euro-petrole.com
- 3Sonadrill exercised the remaining priced options for Sonangol Libongos, extending the rig by approximately three years and committing it through January 2030. euro-petrole.com
- 4Sevan Louisiana received a 25-day contract with Kosmos, with operations expected to start in November 2026. euro-petrole.com
- 5Seadrill reported that over 85% of available drillship days across its fleet are contracted for 2027. euro-petrole.com
Summary written by AlphAI AI Desk from 9 of 9 sources. Not investment advice. Figures are as stated by the linked sources.