Seadrill Secures $420 Million Contract in Indonesia
Seadrill (SDRL) announced after market close on Monday that its West Carina ultra-deepwater drillship has been awarded a contract worth approximately $420 million with an unnamed operator for offshore operations in Indonesia. The firm duration of the work is estimated at 880 days, and additional priced options could extend this period further. The company also noted extensions to its ongoing operations in Malaysia and Angola, indicating continued demand across multiple regions. These developments are expected to provide a significant boost to Seadrill’s revenue stream over the next several years as it maintains a strong presence in key offshore drilling markets around the globe.
Tickers: $SDRL
Topics: Indonesia offshore_drilling Seadrill