{"id":795628,"date":"2024-12-17T17:03:18","date_gmt":"2024-12-17T22:03:18","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/seadrill-announces-brazil-contract-award-for-west-jupiter\/"},"modified":"2024-12-17T17:03:18","modified_gmt":"2024-12-17T22:03:18","slug":"seadrill-announces-brazil-contract-award-for-west-jupiter","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/seadrill-announces-brazil-contract-award-for-west-jupiter\/","title":{"rendered":"Seadrill Announces Brazil Contract Award for West Jupiter"},"content":{"rendered":"

<\/p>\n

Seadrill Announces Brazil Contract Award for West Jupiter<\/b><\/p>\n

HAMILTON, Bermuda–(BUSINESS WIRE<\/a>)–
\nSeadrill Limited (“Seadrill” or the “Company”) (NYSE: SDRL) today announced the ultra-deepwater drillship, West Jupiter<\/i>, was awarded a 1,095-day contract in Brazil following a competitive tender process. The contract, awarded by Petrobras, will contribute approximately $493 million to Seadrill\u2019s order backlog, including additional services and excluding a mobilization fee of $31.5 million. The program is expected to commence in the first quarter of 2026.<\/p>\n

\n\u201cSeadrill is pleased to have successfully re-contracted the West Jupiter<\/i> with Petrobras. We were recognized as \u2018Drilling Contractor of the Year\u2019 by Petrobras earlier in 2024 and we look forward to continuing our successful relationship with this key customer,\u201d said President and Chief Executive Officer, Simon Johnson. \u201cWith six drillships in Brazil, Seadrill is well-positioned in a resilient deepwater market with industry leading contract durations providing unparalleled visibility to Seadrill\u2019s future earnings profile.\u201d<\/p>\n

About Seadrill<\/b><\/p>\n

\nSeadrill is setting the standard in deepwater oil and gas drilling. With its modern fleet, experienced crews, and advanced technologies, Seadrill safely, efficiently, and responsibly unlocks oil and gas resources for national, integrated, and independent oil companies. For further information, visit www.seadrill.com<\/a>.<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this news release, including, without limitation, those regarding the Company\u2019s plans, strategies, business prospects and rig activity, including with respect to backlog and contract commencement dates and durations, and changes and trends in its business and the markets in which it operates, are forward-looking statements. These statements may include words such as \u201cassumes\u201d, \u201cprojects\u201d, \u201cforecasts\u201d, \u201cestimates\u201d, \u201cexpects\u201d, \u201canticipates\u201d, \u201cbelieves\u201d, \u201cplans\u201d, \u201cintends\u201d, \u201cmay\u201d, \u201cmight\u201d, \u201cwill\u201d, \u201cwould\u201d, \u201ccan\u201d, \u201ccould\u201d, \u201cshould\u201d or, in each case, their negative, or other variations or comparable terminology in connection with any discussion of the timing or nature of future operating or financial performance or other events. These statements are based on management\u2019s 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. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: those described under Item 3D \u201cRisk Factors\u201d in the Company\u2019s Annual Report on Form 20-F for the year ended December 31, 2023, filed with the U.S. Securities and Exchange Commission (\u201cSEC\u201d) on March 27, 2024, offshore drilling market conditions, including supply and demand, day rates, customer drilling programs and effects of new or reactivated rigs on the market, fluctuations in the international price of oil, international financial market conditions, inflation, changes in governmental regulations that affect the Company or the operations of the Company\u2019s fleet, the review of competition authorities, the impact of global economic conditions and global health threats, pandemics and epidemics, political and other uncertainties, including those related to the conflicts in Ukraine and the Middle East, and any related sanctions, fluctuations in interest rates or exchange rates and currency devaluations relating to foreign or U.S. monetary policy, tax matters, changes in tax laws, treaties and regulations, legal and regulatory matters in the jurisdictions in which we operate, customs and environmental matters, the potential impacts on our business resulting from decarbonization and emissions legislation and regulations, the impact on our business from climate-change generally, the occurrence of cybersecurity incidents, attacks or other breaches to our information technology systems, including our rig operating systems, and other important factors described from time to time in the reports filed or furnished by us with the SEC.<\/p>\n

\nThe foregoing risks and uncertainties are beyond our ability to control, and in many cases, we cannot predict the risks and uncertainties that could cause our actual results to differ materially from those indicated by the forward-looking statements. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All subsequent written and oral forward-looking statements attributable to us or to persons acting on our behalf are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. We expressly disclaim any obligations or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in our expectations or beliefs with regard to the statement or any change in events, conditions or circumstances on which any forward-looking statement is based, except as required by law.<\/p>\n

\nInvestors should note that we announce material financial information in SEC filings, press releases and public conference calls. Based on guidance from the SEC, we may use the Investors section of our website (www.seadrill.com<\/a>) to communicate with investors. It is possible that the financial and other information posted there could be deemed to be material information. The information on our website is not part of, and is not incorporated into, this news release.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20241216144007\/en\/<\/a><\/span><\/p>\n

\nKevin Smith
\n
Vice President \u2013 Corporate Finance and Investor Relations
\n
ir@seadrill.com<\/a><\/p>\n

KEYWORDS:<\/b> Latin America Bermuda Caribbean Brazil South America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Oil\/Gas Energy<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Seadrill Announces Brazil Contract Award for West Jupiter HAMILTON, Bermuda–(BUSINESS WIRE)– Seadrill Limited (“Seadrill” or the “Company”) (NYSE: SDRL) today announced the ultra-deepwater drillship, West Jupiter, was awarded a 1,095-day contract in Brazil following a competitive tender process. The contract, awarded by Petrobras, will contribute approximately $493 million to Seadrill\u2019s order backlog, including additional services and excluding a mobilization fee of $31.5 million. The program is expected to commence in the first quarter of 2026. \u201cSeadrill is pleased to have successfully re-contracted the West Jupiter with Petrobras. We were recognized as \u2018Drilling Contractor of the Year\u2019 by Petrobras earlier in 2024 and we look forward to continuing our successful relationship with this key customer,\u201d said President and Chief Executive Officer, … <\/p>\n

Continue reading “Seadrill Announces Brazil Contract Award for West Jupiter”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-795628","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSeadrill Announces Brazil Contract Award for West Jupiter - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/seadrill-announces-brazil-contract-award-for-west-jupiter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Seadrill Announces Brazil Contract Award for West Jupiter - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Seadrill Announces Brazil Contract Award for West Jupiter HAMILTON, Bermuda–(BUSINESS WIRE)– Seadrill Limited (“Seadrill” or the “Company”) (NYSE: SDRL) today announced the ultra-deepwater drillship, West Jupiter, was awarded a 1,095-day contract in Brazil following a competitive tender process. The contract, awarded by Petrobras, will contribute approximately $493 million to Seadrill\u2019s order backlog, including additional services and excluding a mobilization fee of $31.5 million. The program is expected to commence in the first quarter of 2026. \u201cSeadrill is pleased to have successfully re-contracted the West Jupiter with Petrobras. 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