West Vela drillship

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Seadrill's Drillships Secure Key Contracts in the Gulf of America
ZACKSยท 2025-08-15 16:00
Core Insights - Seadrill Limited (SDRL) has secured new drilling contracts for its drillships West Vela and Sevan Louisiana in the Gulf of America [1][2][7] - The West Vela drillship will undertake a two-well contract with Talos Energy starting in November 2025, with an estimated duration of 90 days [1][7] - The Sevan Louisiana drillship is contracted to drill three wells for Murphy Oil, with work commencing in August 2025 and expected to continue until November 2025 [2][7] Drillship Details - The West Vela drillship features a Samsung 12,000 design, capable of drilling up to 37,500 feet, built in 2013, operating in water depths of 12,000 feet, and accommodating 200 personnel [3] - The Sevan Louisiana drillship has a Sevan 650 design, with a maximum drilling depth of 35,000 feet, also built in 2013, operating in water depths of 10,000 feet, and accommodating 150 personnel [3] Backlog Information - As of August 2025, Seadrill's order backlog stands at approximately $2.5 billion [4] Second Quarter Highlights of Clients - Talos Energy reported total revenues of $424 million and an adjusted loss of 27 cents per share, with production of 93 thousand barrels of oil equivalent per day (Mboe/d) [5] - Murphy Oil posted adjusted net earnings of 27 cents per share and total revenues of $696 million, with production totaling 190 Mboe/d [6]