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Do Seadrill’s (SDRL) New Gulf and Angola Deals Quietly Recast Its Offshore Risk Profile?
Earlier this week, Seadrill Limited announced new contract awards for the West Neptune and Sevan Louisiana in the U.S. Gulf of Mexico, alongside a five-well option exercise in Angola that keeps the Sonangol Quenguela working into February 2027 and adds about US$48 million to its backlog.
These awards not only extend rig utilization across key basins but also highlight Seadrill’s ability to secure follow-on work and deploy new well-intervention technology in the Gulf of Mexico.
We’ll now look...