Seadrill secures $480 million contract extension for West Polaris drillship
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Seadrill Announces West Polaris Contract Extension in Brazil
April 6, 2026 6:00 AM EDTHAMILTON, Bermuda--(BUSINESS WIRE)-- Seadrill Limited ("Seadrill" or the "Company") (NYSE: SDRL) today announced the ultra-deepwater drillship, West Polaris, was awarded a 1,095-day contract extension with Petrobras for the Búzios field in the Santos Basin, offshore Brazil.
The additional term adds approximately $480 million in contract backlog and is expected to commence in direct continuation of the current program in January 2028.
Additionally, the current contracted dayrate has been updated as follows:
April 1, 2026 through March 31, 2027 - $409,200 April 1, 2027 through January 15, 2028 - $454,700Seadrills President and... More
