Seadrill wins $105m contracts for West Neptune and Sevan Louisiana rigs

Seadrill Limited, an offshore drilling contractor, has won new contracts totaling $105 million for the West Neptune and the Sevan Louisiana drillships.

The West Neptune drillship has won a contract extension for drilling four more wells with two one-well options from LLOG Exploration Offshore in the US Gulf of Mexico. The firm-term will begin, continuing with the existing contract.

It has an estimated duration of 200 days and is likely to keep the West Neptune drilling rig busy up to August 2023. The total contract value for the firm-term contract for the West Neptune drillship is nearly $71 million.

Seadrill wins $105m contracts for West Neptune and Sevan Louisiana drilling rigs

Seadrill wins $105m contracts for West Neptune and Sevan Louisiana drilling rigs. Photo courtesy of Seadrill Limited.

On the other hand, the Sevan Louisiana drillship has bagged a three-well extension from Talos Production, in the US Gulf of Mexico. It comes with a minimum duration of 105 days starting from August 2022.

Total contract value for the three-well contract extension for the Sevan Louisiana drilling rig is nearly $34 million.

Simon Johnson — Seadrill CEO said: “It’s encouraging to see so much activity in the US Gulf of Mexico right now. We are proud of the safe and efficient operations we provide for our clients and are grateful for the opportunity to continue delivering for both LLOG and Talos into next year.”

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