Seadrill’s Persian Gulf rig contracts extended for $361 million

6/23/2022

Seadrill Limited, an offshore drilling contractor, announced it has been awarded contract extensions for the AOD I, AOD III and West Callisto jackup rigs for work offshore in the Persian Gulf.

The firm term of each contract is three years with commencement in direct continuation of the current contracts. AOD I, AOD III and West Callisto are now committed to June 2025, December 2025 and November 2025, respectively.  Total contract value for the three contracts is approximately $361 million in aggregate.

“We are pleased to be extending these rigs in the Arabian Gulf, solidifying Seadrill’s strong market share and further extending our impressive backlog,” Seadrill CEO Simon Johnson said. “These contracts demonstrate the value customers place on Seadrill’s operational performance and safety record. The extensions also reflect the commitment and energy of our crews onboard the AOD I, AOD III and West Callisto and the shorebase teams that support them.”

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