Seadrill Limited said that it has secured contract extensions worth around $361 million for the AOD I, the AOD III, and the West Callisto jack-up drilling rigs in the Arabian Gulf.
According to the offshore drilling contractor, the firm term of all the contracts is three years and will begin in direct continuation of the current contracts.
The AOD I, AOD III, and West Callisto rigs are committed to June 2025, December 2025, and November 2025, respectively following the contract extensions.
Simon Johnson — Seadrill CEO said: “We are pleased to be extending these rigs in the Arabian Gulf, solidifying Seadrill’s strong market share and further extending our impressive backlog.
“These contracts demonstrate the value customers place on Seadrill’s operational performance and safety record. The extensions also reflect the commitment and energy of our crews onboard the AOD I, AOD III and West Callisto and the shorebase teams that support them.”
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