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New York-listed driller Seadrill has secured two drillship contract awards with US exploration and production company LLOG Exploration, a subsidiary of Harbour Energy. The 2014-built ultra-deepwater drillship West Neptune was awarded a 365-day contract extension, with operations scheduled to commence in September 2026. The second contract is for the 2013-built ultra-deepwater drillship West Vela. It was awarded a 270-day program, with an expected commencement in August 2026. Drilling operations will be conducted in the US Gulf. The contracts will add approximately $260m to the contract backlog. “Securing this backlog enhances revenue visibility and supports free cash flow generation as we navigate near-term softness in the US Gulf. The West Vela and West Neptune are positioned favourably for availability in 2027 as global floater utilisation is expected to improve,” said Samir Ali, president and CEO of Seadrill. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsNorway United States
Seadrill lands $260m in drillship contracts
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