Seadrill announces West Neptune extension
Seadrill Limited (NYSE: SDRL) announced a six-month term extension for the West Neptune rig with LLOG Exploration Offshore, L.L.C in the Gulf of Mexico. This agreement will keep the rig operational until Q3 2024 and is valued at approximately $79 million. The extension is part of Seadrill's ongoing relationship with LLOG, reinforcing their commitment to offshore drilling operations. The company utilizes advanced technology to extract oil and gas from various locations globally. Seadrill's management emphasized that future results may vary due to market conditions and other factors outlined in its public filings.
- Secured six-month extension for West Neptune rig with LLOG, ensuring operational continuity until Q3 2024.
- Contract extension valued at approximately $79 million, enhancing revenue stability.
- None.
About Seadrill
Seadrill is a leading offshore drilling contractor utilizing advanced technology to unlock oil and gas resources for clients across harsh and benign locations around the globe. Seadrill's high-quality, technologically advanced fleet spans all asset classes allowing its experienced crews to conduct operations from shallow to ultra-deepwater environments.
Forward-Looking Statements
The new release includes forward-looking statements. Such statements are generally not historical in nature, and specifically include statements about the Company's plans, strategies, business prospects, changes and trends in its business and the markets in which it operates. These statements are made based upon management's current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, which speak only as of the date of the new release. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, offshore drilling market conditions, including supply and demand, dayrates, fluctuations in the price of oil, international financial market conditions, changes in governmental regulations that affect the Company or the operations of the Company's fleet, the review of competition authorities and other factors listed in our public filings. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. Further, the Company cannot assess the impact of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward-looking statement. Consequently, no forward-looking statement can be guaranteed. When considering these forward-looking statements, you should also keep in mind the risks described from time to time in the Company's filings with the
Seadrill Contact Information
Director of Investor Relations
David.Warwick@Seadrill.com
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SOURCE Seadrill Limited
FAQ
What is the contract value for Seadrill's West Neptune extension with LLOG?
Until when will the West Neptune rig be operational as per the recent announcement?
Who is the partner involved in Seadrill's recent rig extension?
