Contract Overview - Seadrill's West Auriga has a contract with Petrobras in Brazil, running from December 2024 to December 2027, valued at approximately $577 million, including mobilization and additional services[9] - West Carina is contracted with Petrobras in Brazil from November 2022 to January 2026, with a dayrate of $262,000[9] - West Jupiter has a contract with Petrobras in Brazil from December 2022 to November 2025, with a dayrate of $261,600, and a total contract value at signing was approximately $525 million, including mobilization and additional services, with a follow-on contract from March 2026 to March 2029[9] - West Polaris is contracted with Petrobras in Brazil from February 2025 to February 2028, with a total contract value at signing of approximately $518 million, including mobilization and additional services[9] - West Tellus has a contract with Petrobras in Brazil from January 2023 to February 2026, with a dayrate of $246,100, and a total contract value at signing was approximately $539 million, including mobilization and additional services, with a follow-on contract from June 2026 to June 2029[9] - West Neptune is contracted with LLOG in the U S Gulf from May 2025 to November 2025, with a total contract value of approximately $86 million, excluding additional services, for an approximate 180-day duration, with a follow-on contract from November 2025 to May 2026[9] Harsh Environment & Joint Venture Rigs - West Elara is operating in Norway under a market-indexed rate with ConocoPhillips, with the contract running from May 2018 to March 2028[10] - West Gemini, managed by Seadrill through the Sonadrill joint venture, is operating in Angola with TotalEnergies from November 2024 to June 2025, with a dayrate of $404,800, and experienced an out-of-service period of approximately 60 days due to SPS, commencing in June[10] Stacked Rigs - West Capella is currently stacked in Malaysia[10]
Seadrill(SDRL) - 2025 Q2 - Earnings Call Presentation