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Seadrill awarded $361m in contract extensions

Offshore driller Seadrill has been awarded contract extensions for the jackup rigs AOD I, AOD III and West Callisto for work offshore in the Arabian Gulf.

The firm term of each contract is three years with commencement in direct continuation of the current contracts. The rigs are now committed to June 2025, December 2025 and November 2025, respectively.

Total contract value for the three contracts is approximately $361m in aggregate.

Simon Johnson, Seadrill CEO, commented: “We are pleased to be extending these rigs in the Arabian Gulf, solidifying Seadrill’s strong market share and further extending our impressive backlog. These contracts demonstrate the value customers place on Seadrill’s operational performance and safety record.”

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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