Seadrill Limited Announces Contract Extensions For AOD I, AOD III And West Callisto Totalling $361M

Seadrill Limited (“Seadrill” or “the Company”) announces today that it has been awarded contract extensions for the AOD I, AOD III and West Callisto for work offshore in the Arabian Gulf.

The firm term of each contract is three years with commencement in direct continuation of the current contracts. AOD I, AOD III and West Callisto are now committed to June 2025, December 2025 and November 2025, respectively. Total contract value for the three contracts is approximately $361M in aggregate.

Simon Johnson, Seadrill Chief Executive Officer, commented, “We are pleased to be extending these rigs in the Arabian Gulf, solidifying Seadrill’s strong market share and further extending our impressive backlog. These contracts demonstrate the value customers place on Seadrill’s operational performance and safety record. The extensions also reflect the commitment and energy of our crews onboard the AOD I, AOD III and West Callisto and the shorebase teams that support them.”

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-deep-water environments. The Company owns and/or operates 30 rigs, which includes drillships, semi-submersibles, and jack-ups.