Seadrill announces multiple contract awards totaling about $97.5M in value

Seadrill announced multiple contract awards totalling approximately $97.5M in value, in addition to an update on the West Auriga. Talos Production Inc. has awarded the West Vela a contract with an estimated duration of 150 days in the U.S. Gulf of Mexico. The contract is expected to commence in the third quarter of 2024 and represents a total contract value of approximately $73.5M, excluding managed pressure drilling services. The operator of the West Capella exercised a one-well option with the existing third-party manager, extending its operations by approximately two months. The contract is in direct continuation of the rig’s current program and represents a total contract value of approximately $24M.