Seadrill(US:SDRL) Businesswire·2024-01-29 21:20Core Insights - Seadrill Limited has announced multiple contract awards totaling approximately $97.5 million, including a significant contract with Talos Production Inc. for the West Vela rig in the U.S. Gulf of Mexico [1] - The West Vela contract is estimated to last 150 days and is expected to commence in the third quarter of 2024, with a total value of approximately $73.5 million [1] - The West Capella rig has had its operations extended by approximately two months, with a contract value of around $24.0 million [1] Contractual Developments - Talos Production Inc. awarded a contract for the West Vela rig, which is expected to start in Q3 2024 [1] - The West Capella rig's operator exercised a one-well option, extending its contract and operations [1] Management Updates - The West Auriga rig will be released in February 2024, allowing Seadrill to resume management and prepare for a contract in Brazil starting in the second half of 2024 [2] - Seadrill's President & CEO expressed satisfaction in extending the contractual relationship with Talos Energy and looks forward to managing the West Auriga again [2] Company Overview - Seadrill is a leading offshore drilling contractor that utilizes advanced technology to unlock oil and gas resources globally [3] - The company operates a high-quality, technologically advanced fleet capable of conducting operations in various environments, from shallow to ultra-deepwater [3]