Seadrill Secures ~$420M Indonesia Drilling Contract And Multiple Rig Extensions In Malaysia And Angola; Contract Has An Estimated Firm Duration Of 880 Days, With Priced Options For Up To An Additional 880 Days; Expected To Commence In H1 2027

Seadrill Limited has secured a contract valued at approximately $420 million for the West Carina rig in Indonesia, with a firm duration of 880 days and options for an additional 880 days, expected to start in H1 2027. The company also extended operations for the West Capella in Malaysia by 240 days, adding a total of approximately $94 million in contract value, and extended the Sonangol Libongos rig in Angola for about three years, committing it through January 2030. Additionally, the Sevan Louisiana rig has been awarded a 25-day contract in the U.S. Gulf, commencing in November 2026.