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Oil & Gas·October 12, 2026·Source: World Oil

Seadrill secures $420 million Indonesia drilling contract, extends offshore rig deals

New offshore drilling contracts and extensions will commit Seadrill rigs across Indonesia, Malaysia, Angola and the US Gulf, the company announced on 12 October.[1][6] West Carina's approximately $420 million Indonesia award covers an estimated 880 firm days and includes a mobilization fee but excludes additional services.[6] The unnamed operator also has priced options for up to another 880 days, with the firm programme expected to begin in the first half of 2027.[6]

In Malaysia, the West Capella operator exercised its remaining priced options for 120 days, adding approximately $41 million in contract value.[6] A further 120 days of previously unpriced options add approximately $53 million, with both figures excluding additional services.[6] Seadrill now expects the rig to continue working through February 2028.[1][6]

Sonadrill, Seadrill's equally owned venture with a Sonangol affiliate, secured an extension for Sonangol Libongos offshore Angola.[1][6] Exercising the remaining priced options adds approximately three years and commits the rig through January 2030.[6] In the US Gulf, Kosmos awarded Sevan Louisiana a 25 day contract expected to start in November 2026.[1][6]

Seadrill says more than 85 percent of its available drillship days for 2027 are now contracted.[1][6] Chief executive Samir Ali said the West Carina award completed the company's objective of repricing three legacy dayrate contracts to current market levels.[1][6] The announcement distinguishes firm work from further options, while commencement dates and durations remain company expectations rather than completed operating milestones.[6]

Sources: [1] https://www.worldoil.com/news/2026/10/12/seadrill-secures-420-million-indonesia-drilling-contract-extends-offshore-rig-deals [6] https://markets.ft.com/data/announce/detail?dockey=600-202610121615BIZWIRE_USPRX____20261012_BW219793-1 Cover uses World Oil's representative fleet image. It does not document West Carina's new assignment.