Seadrill, the owner of offshore drilling rigs, announced the granting of contracts and extensions for three drilling rigs and one semi-submersible unit. These contracts particularly include a drilling rig in Indonesia named West Carina, which has an approximate value of $420 million for a specified duration.
Details of the West Carina Contract
The West Carina drilling rig, built in 2015, has been awarded to an unspecified operator in Indonesia. This contract includes mobilization costs and lasts for 880 days, with the possibility of extending it for another 880 days. The operational program for this rig is expected to commence in the first half of 2027. According to the company's fleet status report in August, West Carina is currently without a contract and is located in Namibia.
New Contracts in Malaysia
In Malaysia, all priced options for the West Capella drilling rig, built in 2008, have been utilized. This action has extended current operations for 120 days and added approximately $41 million to the total contract value. Additionally, unpriced options have also been used for another 120 days, adding approximately $53 million to the contract. West Capella is now set to collaborate with PTTEP until February 2028 and has been working with this company since March of this year.
Moreover, all priced options for the Sonangol Libongos drilling rig, built in 2019, have been utilized, extending operations for approximately three more years. This rig is set to collaborate with an unspecified operator in Angola until January 2030 and will have worked for this operator for over nine years by the time the contract expires.
New Contract in the Gulf of Mexico
In the American section of the Gulf of Mexico, Kosmos has awarded a 25-day contract to the Sevan Louisiana semi-submersible rig, built in 2013. This operation is expected to commence in November 2026. This rig previously had a 45-day contract with Walter Oil & Gas that began in August 2026.
These contracts and extensions reflect Seadrill's strategy to expand its operations in international markets and secure the necessary resources for future projects. Given the energy market outlook and the need for drilling in new areas, these developments could have significant impacts on the company's financial performance and operations.
Read more: Ali Keshvari: Management Stability in the Ministry of Oil Helps Address Energy Challenges
