Seadrill secures $1.1 billion contracts for West Auriga and West Polaris offshore Brazil

World Oil Staff December 22, 2023

(WO) — Seadrill Limited has clinched significant 1,064-day fixed-term contracts for both the West Auriga and West Polaris through a competitive bidding process led by Petrobras.

The contracts, valued at approximately $1.1 billion, inclusive of additional services and mobilization fees, are slated to kick off in the fourth quarter of 2024. Prior to commencing the campaigns with Petrobras, Seadrill will take over the management of the West Auriga and West Polaris from existing third-party managers.

“We have secured long-term contracts for the West Auriga and the West Polaris alongside our four high-specification drillships already working in Brazil,” Simon Johnson, Seadrill’s president and CEO, said. “Petrobras are an important and longstanding customer for Seadrill. We are excited to expand our contractual relationship with them and increase our rig count in this key geography.”

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