HAMILTON, BERMUDA: Seadrill Limited has secured two contracts with Petroleo Brasileiro S.A. (Petrobras) for the West Carina and West Tellus rigs for work on the Búzios field offshore Brazil.

Both contracts have been signed on a 3-year fixed-term basis, with expected commencement in September 2022. Total contract value for the two contracts is approximately $549m (inclusive of mobilization revenue and additional services).

Seadrill’s Chief Executive Officer, Stuart Jackson, commented: “We are delighted to continue our long association with Petrobras with the award of two 3-year firm contracts for the West Carina and West Tellus on the Búzios field. Brazil is a strategically important market for the offshore sector and I am pleased that Seadrill will continue to play an increasingly significant role in the coming years.”

Seadrill is a leading offshore drilling contractor utilizing advanced technology to unlock oil and gas resources for clients across harsh and benign locations across the globe.

Seadrill’s high quality, technologically advanced fleet spans all asset classes allowing its experienced crews to conduct its operations from shallow to ultra-deep-water environments.

The company owns and/or operates 36 rigs, which includes drillships, jack-ups and semi-submersibles. Seadrill is listed on the Oslo Børs and OTC Pink markets. www.seadrill.com