SDRL's West Auriga & West Polaris Gear Up for New Assignment in Brazil

Group 1: Company Overview - Seadrill Ltd. (SDRL) is preparing for an assignment with Petrobras offshore Brazil, set to begin in Q4 2024, with the West Auriga and West Polaris drillships rejoining the fleet for final preparations [1] - The West Auriga is a seventh-generation ultra-deepwater drillship capable of drilling up to 37,500 feet in water depths of 12,000 feet, while the West Polaris is a sixth-generation drillship with the same maximum drilling depth but operates at a depth of 10,000 feet [2] Group 2: Contract Details - Petrobras awarded a fixed-term contract of 1,064 days to each drillship in December 2023, valued at $1.1 billion, which includes mobilization fees and additional services [3] - The drillships are currently undergoing the client acceptance process before commencing the project with Petrobras [3] Group 3: Operational Readiness - The drillships are utilizing their downtime for final preparations to ensure optimal performance, including recent painting to protect against corrosion and extend service lifespan [4]