West Tellus

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Seadrill Limited Announces Contract Awards totalling $549m for the West Tellus and West Carina in Brazil

HAMILTON, Bermuda, Nov. 26, 2021 /PRNewswire/ -- Seadrill Limited ("Seadrill" or "the Company") (OSE:SDRL) (OTCPK:SDRLF) announces today that it has secured two contracts with Petroleo Brasileiro S.A. ("Petrobras") for the West Carina and West Tellus rigs for work on the Búzios field offshore Brazil. Both contracts have been signed on a 3-year fixed-term basis, with expected commencement in September 2022. Total contract value for the two contracts is approximately $549m (inclusive of mobilization revenue and additional services).

Seadrill's Chief Executive Officer, Stuart Jackson, commented: "We are delighted to continue our long association with Petrobras with the award of two 3-year firm contracts for the West Carina and West Tellus on the Búzios field. Brazil is a strategically important market for the offshore sector and I am pleased that Seadrill will continue to play an increasingly significant role in the coming years."